Service tax exemption

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  1. Shaheer

    Shaheer New Member

    i wanted to know whether service tax is charged from the 1st Rupee. I was told by an auditor that service tax is applicable only after we cross the 10 lakh limit and as such, the 1st 10 lakh is exempted.please help me on this with valid references.
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    In the 1st year in which you cross turnover of Rs. 10 Lakh - Service Tax would be applicable from Rs. 10 Lakh onwards

    From the next year onwards - service tax would be applicable from Rs. 1
     
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