23 September 2012
DEAR ALL, WE WOULD LIKE TO KNOW THAT IS EXEMPTION LIMIT OF RS. 10 LACS IS AVAILABLE TO DELCARED SERVICES WITH EFFECT FROM 01.07.2012 . FOR EXAMPLE FOR SERVICE PORTION IN WORKS CONTRACT SERVICES OR SERVICE PORTION ON FOOD SERVED IN RESTAURENTS.
23 September 2012
Yes Exemption limit is there but reverse charge mechanism works irrespective of the Small Service Provider Exemption of Rs. 10 lakhs ( For Service Receipient)
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