29 July 2010
My question is whether basic exemption limit is available to service to which service tax was liable but exemption is provided by notification.
For eg:-
Suppose a vocational institute was having recipt of above Rs10 lac in prev year which comes under service tax under taxable coaching service but was not liable for service tax due to exemption. NOw after the amendment in the budget Vocational traing are liable to service tax . So can this institute is entitle to take basic exemption on 1st 10Lac recipt after becoming taxable under service tax
CAclubindia
