Excemption
This query is : Resolved
08 May 2009
Sir,
Pls correct me if I am wrong,
1.Service tax is excempted upto 10 lakhs of taxable services but can't avail CENVAT credit.
2.Any time during the year if taxble services exceeds ten lakhs, service tax is applicable on the balance exceeding 10 lakhs.
Thanks & Regards,
Girish
Pls correct me if I am wrong,
1.Service tax is excempted upto 10 lakhs of taxable services but can't avail CENVAT credit.
2.Any time during the year if taxble services exceeds ten lakhs, service tax is applicable on the balance exceeding 10 lakhs.
Thanks & Regards,
Girish
08 May 2009
Yes you are right.Remember service tax upto 10 lakhs is exempted only if you have not charged or collected it.
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