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Service tax - exemption of 10 lac

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(Querist)
12 January 2014 Is exemption of 10lac on sales allowed to a dealer proving restaurant service, if its previous year gross sales was 20 lac ?
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@VaibhavJ

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@VaibhavJ (Expert)
12 January 2014 Hi

No not available.

Thanks
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kuna sahu

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kuna sahu (Querist)
12 January 2014 But, service tax is applicable for restaurant service is only on 40% of sales.

and 40% of 20 lac is 8 lac which is bellow the limit of 10 lac.

Plz assist me.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 January 2014 Dear Kanu,

what you are referring to is the abatement...It is not to suggest that service turnover is 40% of the total turnover..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 January 2014 Vaibhav is correct , not available.
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kuna sahu

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kuna sahu (Querist)
26 August 2014 thanks to all for replying.

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