Mr. A & B started a Partnership Firm in 2000, and Those Business turnover didn't exceed the Service Tax Taxable Limit in Last Nine Year, But in FY 2010-11 Turnover exceed the 2250000/-
Pls kindly Let me Know what is My assessable value 2250000/- or 1250000/-
and i want to Know wheather Basic exemption Limit 10,00,000/- applicable all the assessee ( Individual, Firm, Company)or not kindly advice.
18 December 2010
Chandry,first of all i think it;s not FY 2010-11,its AY 2010-11.When your Gross receipts exceeds Rs.900000 ,you should get ST registeration.This is in th case of all Assesses
CAclubindia
