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Service tax

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Querist : Anonymous

Querist : Anonymous (Querist)

17 September 2012 One of our civil (construction) contractor not incorporate service tax on Invoice issued his turnover (taxable) up to 31st March 12 was Rs. 10,73000/- When we ask to show about the service tax chalan he says he avail exemption limit of 10 L up to turnover of Rs. 10 Lacs for first year after that he pays service tax regularly but, we give him rate contract including service tax. Whether he avail exemption limit.

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2012 He can avail exemption limit of 10 L up to taxable turnover of 10 lakh only for first year.
Monika Singh
CA

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2012 Agreed with Ms. Monika Singh
D.K. Sharma

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