Limit of rs 10 lacs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2013
IF A PERSONS 1 ST BILL IS OF 10.20 LACS, HAS HE TO COLLECT SERVICE TAX ON THE SAME & IF YES ON THE WHOLE AMOUNT OR ABOVE RS 10 LACS.IE ON RS 20,000
CA Suresh Jain
(Expert)
18 August 2013
If in immediate previous year his turnover of taxable services was less than Rs. 10 Lakh, he is eligible for an exemptionn of Rs. 10 Lakh in this year and pay service tax on balance amount exceeding Rs. 10 lakh
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
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