18 July 2012
SERVICES PROVIDED BY ADVOCATE TO BUSINESS ENTITY WITH A TURNOVER OF RS. 10 LAKHS IS NOW TAXABLE. IN SUCH CASE SERVICE RECIVER IS LIABLE TO PAY SERVICE TAX. MY QUESTION IS THAT THE BASIC EXEMPTION LIMIT IS NOT APPLICABLE TO PERSON WHO IS LIABLE TO PAY TAX AS SERVICE RECIVER, THEN HOW IT IS POSSIBLE IN THAT CASE? ARE THE TURNOVER OF RS. 10 LAKHS IS THE BUSINESS TURNOVER OF SERVICE RECEIVER.
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