Hi,
My self an Articaled Student, My query is:
1) How is the threshold Limit of 10 lakhs is applicable?
2) If the service provider crosses the limit of 10 lakhs, then on What amount Service tax is Applicable "is it on excess of 10 lakhs" or "from rupee 1"?
3) If incase of party crossing 10lakhs limit by the month of feb2012 is he liable to pay tax on the amount (answer of 2nd question) from the FY 2012-13 or Service tax is lyed from subsequent year (i.e., FY 2013-14)?
Note: The party is running business from 3years and never crossed the 10 lakhs limit. party is not under negative list
CAclubindia
