Calculation of taxable service
This query is : Resolved
26 May 2014
A person has provided the service worth Rs. 12 lakh during the year, he is covered under 40% abatement. while calculating his liability for registration and charge of service tax would the amount of Rs.2 lakh be taxable or the taxable service would be considered to be 840000(i.e abatement). Please reply the same.
26 May 2014
First time you will get the ssi exemption upto 10 lakhs. So, you need to pay service tax on the value of 2 lakhs after the abatement.
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