04 January 2013
whether the limit of 10,00,000 is to be considered after providing abatement or on the total amt charged in bills. eg-in case of restaurant services gross amt=3000000 abatement=70% option 1>after providing abatement taxable amt comes to 900000 which is less than 1000000.thus nothing is taxable. option2>if we consider 30,00,000 then since it is above 10,00,000 then it becomes taxable.
CAclubindia
