Exemption benefit
This query is : Resolved
17 May 2011
Can assessee avail the benefit of Exemption limit of Rs. 10L every year??
Or once he crosses the exemption limit of Rs. 10L, he is required to pay service tax every year even though in the next year his taxable services are within 10L limit??
Or once he crosses the exemption limit of Rs. 10L, he is required to pay service tax every year even though in the next year his taxable services are within 10L limit??
19 May 2011
You can avail exemption of Rs.10L every year provided your aggregate value of service in the preceding year does not exceed Rs.10L
Ajay Raghatate
(Expert)
19 May 2011
Once you crosses the limit of 10 Lacs,then it is required to pay service tax every year even though in the next year your taxable services are within 10L limit.
i.e you can not avail the exemption limit every year.
i.e you can not avail the exemption limit every year.
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