Service tax

In case, value of taxable services of  previous year does not exceed Rs. 10Lacs, only then the assessee is entitled to avail exemption of Rs. 10 Lacs in current year......However, his exemption limit is not available in case of reverse charge mechanism.

Also find the attached file for example

Originally posted by : CA Sumit Grover
	In case, value of taxable services of  previous year does not exceed Rs. 10Lacs, only then the assessee is entitled to avail exemption of Rs. 10 Lacs in current year......However, his exemption limit is not available in case of reverse charge mechanism. Also find the attached file for example

Thank you sir..

 But can u tell me what is this reverse charge mechanism..??

Generally,service provider is liable to pay service tax for the services provided. However, the govt has notified some services in which the service receiver has to pay certain portion of service tax liability or the whole or service tax liability.......

Originally posted by : CA Sumit Grover
	Generally,service provider is liable to pay service tax for the services provided. However, the govt has notified some services in which the service receiver has to pay certain portion of service tax liability or the whole or service tax liability.......

ohh oki Thank you sir :)