22 October 2010
One of my clients whose gross income from medical transcription has crossed 10,00,000 for the year 2009-10. Heard that this service is exempted from tax vide Notification No. 8 /2003 - Service Tax dt 20th June, 2003.
My question is whether this client should take registration under service tax and file ST return.
23 October 2010
I do not find not/8/2003 vaid today. I think it was withdrawn soem time back. Therefore provided that his pr yr. 2008-09 value fo taxable servcies did not exceed Rs 10 lakhs he would be eligible for 10 lakhs exemption on receipt basis. After that the ST would be payable.