THE ASSESSEE IS A NEW UNIT PROVIDING SERVICES ON 01-11-2008
SUPPOSE IN THE F.Y 2008-09 ASSESSEE RECEIVE RS 8,00,000 FOR SERVISES RENDERED,
AND IN THE F.Y 2009-10 RECEIVED RS 20,00,000,
AGAIN IN F.Y 2010-11 RECEIVED RS 2,50,000
AND IN THE F.Y 2011-12 RECEIVED 12,00,000
MY QUERY IS WHETHER IN THE F.Y 2011-12 THE ASSESSEE IS REQUIRED TO PAY SERVICE TAX ON 12,00,000 OR RS 2,00,000(12,00,000 - 10,00,000) AS THE ASSESSEE IS RECEIVED 2,50,000 IN THE F.Y 2010-11 WHICH BELOW FROM EXEMPTION LIMIT 10,00,000
ASSUME THE EXEMPTION LIMIT IS REMAINED RS 10,00,000
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