regarding servce tax

This query is : Resolved 

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

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.


14 October 2010 Yes, i agree with sudhakar reply.


14 October 2010 exemption of Rs. 10 lakhs only in first year. Next year onwards no exemption.



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