How does negative list for service tax work? Example : Yoga classes comes under negative list. If the total income from conducting such classes crosses 10 lak, would it attract service tax or would be exempt?
How does negative list for service tax work? Example : Yoga classes comes under negative list. If the total income from conducting such classes crosses 10 lak, would it attract service tax or would be exempt?
It would be exempted fully as covered in negative list..If anything covered in negative list then service tax would not be attracted.10 lakh limit is irrelevant
Whatever services are mentioned in Negative List, there is no need of payament of service tax on all these services irrespective of Turnover of the assessee.
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