Can i avail the basic exemption of service tax, in all financial years ? ie, even if i crossed 10L this year, am i eligible for the exemption of 10L in next years?
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 14 March 2009
No. Once you cross the threshold limit, you have to pay service tax from the beginning.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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