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regarding servce tax

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(Querist)
14 October 2010 my annual turnover 50 lakh will i get a exemption of 10 lakh and pay tax for the remaining amount are i should pay for the whole amount
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sudhakar ca cwa

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sudhakar ca cwa (Expert)
14 October 2010 tell me is this first year of crossing the limit of 10lakhs or not

or else in the previous year u already crossed the limit of 10lakhs then u need to pay the tax on Rs.50lakhs.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
14 October 2010 Yes, i agree with sudhakar reply.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 October 2010 exemption of Rs. 10 lakhs only in first year. Next year onwards no exemption.

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