Service tax notification 25/2012

Samir (ACA) (113 Points)

28 July 2012  

 

In the Notification 25/2012, at Point No. 28(c), it is mentioned that: up to an amount of Rs. 5000/- per month per member. . . . .

What if the said amount exceeds Rs. 5,000/-

(1) Will whole of such sum will fall under the ambit of Service tax or only the amounts exceeding Rs. 5,000/-, like can this Notification be considered as deduction/ rebate?

(2) Will the Rs. 15 lacs be still applicable as basic exemption, to be out of the purview of Service Tax. For eg: if the amounts so mentioned exceed Rs. 5K per month, but the yearly collection is below Rs. 15 lacs?