Calculation of service tax exemption limit on ca services


This query is : Resolved 

(Querist)
12 December 2012 basis of calculation of exemption limit of Rs 10 lacs for chartered accountants services whether on billing basis or reciept basis.
e.g. services billed of Rs 15 lacs and recieved 8 lacs during f. y. 2011-12,whether exemption will be available in this case or not?

visu iyer (Expert)
14 December 2012 ur case is taxable.
In this case no exemption is available.


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