Facts of the case are as follows:
Two service provider partnership firm are having same registered address.
Two partnership firm are having one common partner , so these firms are related parties.
Of these one firm already having service tax registration number & paid the service tax & file return regularly.
and other firm is new partnership firm come into existance.
Now, can new partnership firm take basic exemption limit of Rs.10,00,000/- of Turnover for not charging of service tax.
OR
Turnover of both the firm will be considered for Service tax liability and new firm is liable to pay service tax from Rs.1 of service provided.
Kindly guide.
CAclubindia
