regarding servce tax
This query is : Resolved
14 October 2010
my annual turnover 50 lakh will i get a exemption of 10 lakh and pay tax for the remaining amount are i should pay for the whole amount
14 October 2010
tell me is this first year of crossing the limit of 10lakhs or not
or else in the previous year u already crossed the limit of 10lakhs then u need to pay the tax on Rs.50lakhs.
or else in the previous year u already crossed the limit of 10lakhs then u need to pay the tax on Rs.50lakhs.
14 October 2010
Yes, i agree with sudhakar reply.
14 October 2010
exemption of Rs. 10 lakhs only in first year. Next year onwards no exemption.
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