If an assesee has paid service tax without claiming the exemption of Rs 10 Lakhs.Can he claim the same the next year?
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Service tax exemption of 10 lakhs
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| Originally posted by : janani | ||
 |
If an assesee has paid service tax without claiming the exemption of Rs 10 Lakhs.Can he claim the same the next year? |  |
Taxable services of upto Rs. 10 lakh can be claimed as exempted in the current year provided the preceding financial year receipts, does not exceed Rs. 10 lakh.
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To know more, refer Notification No. 33/2012-ST, dated 20.06.2012.
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