Basic exemtion limit
This query is : Resolved
15 March 2012
WHETHER THE BASIC EXENTION LIMIT OF RS. 250000 IN CASE OF GTA SERVICES IS APPLICABLE FOR SERVICE RECEIPIENT ALSO IN CASE RECEIVER OF GTA SERVICES IS LIABLE FOR PAYMENT OF TAX.
15 March 2012
The small scale exemption of ten lac is applicable only to service providers and it is not applicable to service receivers. Therefore the basic small scale exemption is not applicable to GTA receiver of services.
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