Hi.
If an individual will be liable to pay service tax on receipt basis if his turnover is less than 50 lakhs during the preceeding previous year, then for claiming the status of SSP also, will we consider Receipts or Invoices for calculating the threshold limit of 10 lakhs?
For Rs10 L limit, it is agrregate of first consecutive bills issued. But for Rs.50L limit , it is not clear in the rule. Hence POT rules may be followed.
Hema Yashwanth & Associates
Chennai
B.Com
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Naveen Fintech Pvt Ltd
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CCI
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CAclubindia
