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Chargeability under service tax

This query is : Resolved 
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(Querist)
23 December 2014 Can a professional pay service tax on receipt basis?
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PAWAN KUMAR

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PAWAN KUMAR (Expert)
23 December 2014 Yes, but up to rupees fifty lakh of aggregate value of taxable services in the current financial year if his aggregate value of all taxable services is fifty lakh rupees during previous financial year.
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