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Service tax to be charged if turnover is below 10.00 lac?

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Querist : Anonymous (Querist)
12 December 2013 Service tax to be charged if turnover is below 10.00 lac?
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
12 December 2013 In respect of taxable srervices (other than negative listing) service tax is chargable in the first year when the turnover exceeds Rs. 10 Lacs

However, basic exemption of Rs. 9.00 Lacs can be taken in respect of first year that means during first year service tax is chargable for turnover over and above Rs. 9.00 Lacs
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