19 May 2009
What is the excemtion limit for first financial year for an assessee
Swcondly,If exemption limit is crossed in first financial year then what amount should be considered for service tax ? say exemption limit in first financial yeat is Rs 10,00,000 and the assesse has provided service for Rs. 12,00,000 then at what amout tax will be levied , on Rs balance 2 lakh or whole 12lakh??
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