if a commercial coaching centre has receipts less than 10 lakhs for the previous 3 years and has receipts of 13 lakhs for the current year what is the service tax liability
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Commercial coaching centre
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He would be a Small Service Provider in the current year as his receipts in the Previous Year is Less than Rs.10 Lacs. Therefore, his first 10 Lacs receipts in the current year would be exempt from Service Tax and he would be liable to pay Service Tax on Rs.3 Lacs at 12.36 % which amounts to Rs.37080/-
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