Service Tax Liability
This query is : Resolved
06 January 2011
i formed a partnership firm from 1/8/2010 and i provided maintanance and repairs services and i registered with service tax departmet with this service.In first year from 1/8/2010 to 31/3/2011 i crossed my exemption limit said 1500000 so can i paid service tax only on 500000 or 1500000. can i get basic exemption limit benefit from very first year or not.
06 January 2011
Hi,
You can take exemption from service tax upto rs. 10 lacs in the first year. from second year you need to pay service tax from point 1.
CA Amit Mundhra
You can take exemption from service tax upto rs. 10 lacs in the first year. from second year you need to pay service tax from point 1.
CA Amit Mundhra
Message likes :
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07 January 2011
Hi Sir!!!!
I am student of CA only!!!
I was knowing but i just want to comfirmed from experts only!!!
and thax for your reply sir
Yours Thanking you,
Parth Shah
I am student of CA only!!!
I was knowing but i just want to comfirmed from experts only!!!
and thax for your reply sir
Yours Thanking you,
Parth Shah
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