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First exemption under n.n. 06/2005-st

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2012 An Assessee(Individual) start a taxable service and take Service Tax registration within 30 days from the date of incorporation of his business.His 1st bill was of Rs.12 lacs and total turnover for 1st month was Rs.16 lacs. When he want to file his 1st helf yearly return of Service Tax, is he eligible to take benifit of exemption notification no. 06/2005-ST (Rs.10,00,000).
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 July 2012 Yes, eligible for exemption.
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SANYAM ARORA

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SANYAM ARORA (Expert)
19 July 2012 Yes ofcourse he is Eligible for Exemption.
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