exemption limit

This query is : Resolved

KAPIL (Querist)
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18 December 2010 Dear Sir/Madam

Mr. A & B started a Partnership Firm in 2000, and Those Business turnover didn't exceed the Service Tax Taxable Limit in Last Nine Year, But in FY 2010-11 Turnover exceed the 2250000/-

Pls kindly Let me Know what is My assessable value 2250000/- or 1250000/-

and i want to Know wheather Basic exemption Limit 10,00,000/- applicable all the assessee ( Individual, Firm, Company)or not kindly advice.

Thanks and regards

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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18 December 2010 Yes SSI Exemption Limit Applicable to UR Firm.

and For This See Last Year That ST Statuse Was SSI Or Not is Yes The This Time 22.5 Lacs - 10 Lacs = 12.5 Lacs U Have to Pay Service Tax