23 March 2011
There is newly incorporated company. Is it correct that services of first Rs.10 lacs are exempt from service tax and only the excess over Rs.10 lacs is taxable since in the previous year there was no turnover.
23 March 2011
taxable turnover more than 9 lacs but less than 10 lacs, registration compulsory but stax exempt taxable turnover more than 10 lacs, full turnover taxable
CAclubindia
