sir tell me that when once service tax is applicable then it is applicable for life time?
it means that in first year turn over exceed 1000000 and in second year t.o. is 500000 then in second year .
IS service tax is applicable?
Service tax applicability
Replies (1)
No it is not like that.
You have a circular which according to which if the service turnover during the previous financial year does not exceed Rs.8,00,000 you can claim the exemption in the current year upto Rs.10 Lakhs. So what it means is you can wait till your turnover exceeds Rs.10 Lakhs to start collecting the service tax. If in the current year also your turnover does not exceed 8 lakhs then you can claim the exemption again in the next year.
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