serice tax exemption query :
F.Y. 05-06 -TURNOVER Rs.5 Lacs
F.Y. 06-07 - TURNOVER Rs.9.5 Lacs (In the F.Y.06-07 we have to apply for Registration)
F.Y.07-08 - TURNOVER Rs.10.5 Lacs (means we have to charges service tax on 0.5 Lacs only for F.Y.07-08)
F.Y. 08-09 TURNOVER Rs.6 Lacs we have to charge service tax on entire Amount of Rs.6 Lacs .
BUT IN F.Y.09-10 turnover is 9 Lacs then service tax to be charges or not????????????????????????
because i have heard that once limit of Rs.10 Lacs is crossed then we have to charge service tax LIFETIME.
CAclubindia
