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What will be the basic exemption for service tax to a person coming in service tax net for the first time on 1-7-2010?

April 26, 2017BASIC coming NET person service tax time

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What will be the basic exemption for service tax to a person coming in service tax net for the first time on 1-7-2010?

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The exemption is Rs 10 lakhs in first year of taxable service counting from 1-7-2010, if you are coming in tax net for the first time. If turnover in 2010-11 exceeds Rs 10 lakhs, then there will be no exemption and tax is payable on all services from 1st April 2011 onwards.