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sevice tax

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23 September 2009 if my services in the first year exceeds 10 lac i.e they are 12 lac then whether s.t will be charged on 12 lac whole or on only rs. 2 lac after taking basic exemption of rs. 10 lac for 1st year
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
23 September 2009 On 2 lacs only.

The limit is with reference to receipt, not on bills raised/turn over.
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