Limit of rs 10 lacs


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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

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


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