Exemption Limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2011
Hello,
My query is that the exemption limit of 10 lac is for a single year or stands for each subsequent year.If suppose my sale is 8,50,000/- in this year and in next year it is 8,75,000/-. will I be able to avail the exemption from service tax in both the years
My query is that the exemption limit of 10 lac is for a single year or stands for each subsequent year.If suppose my sale is 8,50,000/- in this year and in next year it is 8,75,000/-. will I be able to avail the exemption from service tax in both the years
05 July 2011
It is only for single year, pay full tax in subsequent years
05 July 2011
Exemption is available for both the years for the given situation.
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