Poonawalla fincorps
Poonawalla fincorps

Exemption Limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 July 2011 Hello,
My query is that the exemption limit of 10 lac is for a single year or stands for each subsequent year.If suppose my sale is 8,50,000/- in this year and in next year it is 8,75,000/-. will I be able to avail the exemption from service tax in both the years
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Ravikant

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Ravikant (Expert)
05 July 2011 It is only for single year, pay full tax in subsequent years
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 July 2011 Exemption is available for both the years for the given situation.
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