one of my clint is cable operator . his gross recipts are 8 lacs appox. i want to know wether after implementaion of negativelist approch in servicetax whether he is liable to service tax or not
1 Replies
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 09 October 2012
No dear, even after the introduction of negative list the service provider is entitled to exemption for the value of services upto Rs. 10 lacs provided the service provider total value of servioces during the prev FY doesn't exceed Rs. 10 lacs. However, in case of reverse charge mechanism the exemption of RS. 10 lacs is not allowed.
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