Threshold limit for service tax

Pawan Mittal (CA Final) (702 Points)

26 August 2012  

Suppose a company earns Rs. 12 lacs in Financial Year 2011-12, will it have to pay service tax on Rs. 12 lakh or Rs. 12-10= 2 lakh and in F.Y. 2012-13, company earns Rs. 15 lacs. What is the service tax treatment for both the years?

Please give section no. or notification no.