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Querist : Anonymous

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Querist : Anonymous (Querist)
05 March 2012 If a firm registered under Service Tax act and avail the exemption of not charge ST on billing upto Rs.10 Lac but in this year (F.Y. 2011-12 )firm billing cross Rs.10 Lac limit then he charge ST on bill.

In the next year (F.Y. 2012-13) he will liable to charge ST from starting but in F Y 2012-13 his billing is not cross Rs.10 Lac.

In the next Year (i.e. F. Y. 2013-14) hi avail the exemption of not charge ST on billing upto Rs.10 Lac or not ?
If avail under which section, rule, or notification this matter is clear stated.
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
06 March 2012 Yes firm will get exemption in F.Y. 2013-14 upto first 10 lac in view of notification No. 06/2005-ST as amended.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 March 2012 Thanks
U r from Rajasthan ?
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
06 March 2012 Yes, how do you come to know.....

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