what is the turnover limit for service tax in the A.Y 2007-08.
2 Replies
One Of A Kind
(CA Final & CS Professional Student)
(187 Points)
Replied 12 November 2013
The threshold limit for taxable services was Rs.8 Lacs for the AY 2007-08.
Himanshu Gupta
(Article)
(63 Points)
Replied 12 November 2013
The threshold limit for Service tax for A.Y. 2007-08 was Rs. 8 lacs. Hence, if you sales were Rs. 10 lacs, you will be taxed on Rs. 2 lacs only.
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