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What is exemption limit of 10 l

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2012 we have not charged service tax up to turnover of Rs.10 lacs in first year now can we avial exemption limit of 10 L
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 September 2012 If in the first year turn over exceeded Rs. 10 lakhs, threshold limit exemption cannot be claimed in second year.
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SANYAM ARORA

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SANYAM ARORA (Expert)
16 September 2012 Agreed with the reply
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