Service Tax Exemption for First Year

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  1. praveen8464

    praveen8464 New Member

    Hi,

    If a firm is incorporated in August 2015 and the turnover as on date is 15 Lakhs, can the firm avail exemption on 10 lakhs and pay service tax on the remaining 5 lakhs?
     
  2. Yatin Gandhi

    Yatin Gandhi Active Member

    Yes, you can do so in the first year of business
     
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