Hi friends,
do anyone know under which section the basic exemption up to Rs.10 Lacs is allowed for small service providers.?
Sandeepraj (CA Student) (64 Points)
02 June 2008Hi friends,
do anyone know under which section the basic exemption up to Rs.10 Lacs is allowed for small service providers.?
Ranjini.V
(CA Student)
(141 Points)
Replied 02 June 2008
The exemption for service tax is not 10 lacs. It is 8 lacs. Once the service income exceeds 7lacs the provider has to register himself.
vivek
(student)
(42 Points)
Replied 02 June 2008
anish
(Chartered Accountant)
(118 Points)
Replied 05 June 2008
hiii,
the exemption has been increased to 10 Lacs from 8 Lacs by Finance Act 2008.
anish
(Chartered Accountant)
(118 Points)
Replied 05 June 2008
hii
FBT provisions defining Travel clearly mentions TRAVEL INCLUDING FOREIGN TRAVEL. So Foreign travel is also well within the purview of FBT.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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