Turnover in FY 2011-12 ( non taxable service) is Rs. 12 lakhs
Turnover for FY 2012-13 - April to June - 5
(service became taxable wef 01/07/2012) is Rs. 8lakhs
Is service tax applicable?
from which period?
What is the value of taxable service?
CA.Anupriya Agarwal (Practising CA) (110 Points)
30 January 2013Turnover in FY 2011-12 ( non taxable service) is Rs. 12 lakhs
Turnover for FY 2012-13 - April to June - 5
(service became taxable wef 01/07/2012) is Rs. 8lakhs
Is service tax applicable?
from which period?
What is the value of taxable service?
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 30 January 2013
The service is not taxable since it is within the limits of 10 lakhs.
CA.Anupriya Agarwal
(Practising CA)
(110 Points)
Replied 31 January 2013
But preceeding year it exceeded Rs. 10 lakhs