30 December 2008
Hello, My client is into tailoring of bridal wear like specialized embroidery and all. Annual receipts is 5-7 lacs p.a. Will this be covered under any service tax? Or will be treated as business income? Receipts are 100% in cash.
30 December 2008
no service tax is payable as u can claim the benefit of small scale service provider (i.e no service tax is payable upto 10 lac) . it will be treated as business income, it does not matter whether receipt are in cash or whatsoever.
CAclubindia
