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my annual turnover60 lahs

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14 October 2010 my annual turnover is 60lakhs how much service tax should i pay is it for the whole amount are will i get a exemption of 10lakh and pay for the remaining amount .
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Guest

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14 October 2010 for the remaining amount
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Hemu Kapoor

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Hemu Kapoor (Expert)
14 October 2010 You will get an exemption of Rs. 10lakh.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 October 2010 exemption of Rs. 10 lakhs only in first year.
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