So urgent
This query is : Resolved
Rajeev Vashistha
(Querist)
12 February 2013
Sir,
Experts Pl. give me reply
pl. explain exactly
Experts Pl. give me reply
pl. explain exactly
12 February 2013
hi...
on or before 01.04.2011 service tax ternover consider on receipt basis i.e any amount of service tax billed issued is irrelavant, but mainly how much u have received in that financial year that consider as t/o...therefore ur t/o above 10 lacs is irrelavant in a.y. 2011-12...if ur receipt does not exceed 10 lacs than u can availed benefit of exemption in a.y 2012-13 also...
but w.e.f. 01.04.2011 service tax payable on accrued basis i.e receipt is irrelavant from that days....that's also consider in ur case
on or before 01.04.2011 service tax ternover consider on receipt basis i.e any amount of service tax billed issued is irrelavant, but mainly how much u have received in that financial year that consider as t/o...therefore ur t/o above 10 lacs is irrelavant in a.y. 2011-12...if ur receipt does not exceed 10 lacs than u can availed benefit of exemption in a.y 2012-13 also...
but w.e.f. 01.04.2011 service tax payable on accrued basis i.e receipt is irrelavant from that days....that's also consider in ur case
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