Service tax - exemption of 10 lac
This query is : Resolved
12 January 2014
Is exemption of 10lac on sales allowed to a dealer proving restaurant service, if its previous year gross sales was 20 lac ?
12 January 2014
But, service tax is applicable for restaurant service is only on 40% of sales.
and 40% of 20 lac is 8 lac which is bellow the limit of 10 lac.
Plz assist me.
and 40% of 20 lac is 8 lac which is bellow the limit of 10 lac.
Plz assist me.
Nikhil Kaushik
(Expert)
12 January 2014
Dear Kanu,
what you are referring to is the abatement...It is not to suggest that service turnover is 40% of the total turnover..
what you are referring to is the abatement...It is not to suggest that service turnover is 40% of the total turnover..
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25 January 2014
Vaibhav is correct , not available.
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