Exemption of rs.750 & rs. 1500. under service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2013
Dear Sir,
Under reverse charge system where service receiver is liable to pay service tax can take exemption of 750/1500.
in short Exemption of 750/1500 is also available under reverse charge sysytm???
Thanking you,
Under reverse charge system where service receiver is liable to pay service tax can take exemption of 750/1500.
in short Exemption of 750/1500 is also available under reverse charge sysytm???
Thanking you,
CA Vikas Acharya
(Expert)
03 June 2013
yes available:
25/2012 exempts the service from taxability and not only the service provider.
though exemption of 10lacs is not allowed to service recipient as specifically disallowed in 33/2012, but all other exemptions are allowed.
25/2012 exempts the service from taxability and not only the service provider.
though exemption of 10lacs is not allowed to service recipient as specifically disallowed in 33/2012, but all other exemptions are allowed.
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