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service tax exemption - urgent

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(Querist)
08 January 2010 sir, i want to ask that.
if a company has paid service tax in last year arond Rs. 50 lakhs or more.
can it claim Rs. 10 lakhs exemption while paying service tax this year?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 January 2010 No. For further details refer notification 8/2008-ST dated 01/03/2008 in www.servicetax.gov.in
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
08 January 2010 no
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
09 January 2010 agree

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