At what income slab does a person comes out of service tax net if his income earned for this financial year is inclusive of service tax.
2 Replies
CA Chaitanya
(PRACTISING CA)
(4283 Points)
Replied 10 November 2008
If the value of taxable service excluding service tax exceeds Rs.10 lakhs then service tax in payable.
CA Abhash Mishra
(Chartered Accountants)
(598 Points)
Replied 11 November 2008
When service provider income increased more than 10 lakhs it will be covered under service tax
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