SERVICE TAX EXEMPTION OF 10 LACS

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  1. ARSIRA

    ARSIRA New Member

    we already have service tax registration. but never reached up-to Turnover of Rs 10 Lacs. In FY 2014-15 our TO was 6 Lacs. This tear we Crossed Exemption Limit of 10 Lacs. Turnover for FY 2015-16 is 12 Lacs. Now I am liable to pay Service Tax. Please suggest weather I will pay Service Tax on 12 Lacs or 2 Lacs?
     
  2. Yatin Gandhi

    Yatin Gandhi Active Member

    In the 1st year - you are liable to pay service tax on the amount above Rs. 10 Lakhs ie Rs. 2 Lakhs in your case
     
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