Eligibility of exemption limit, Service Tax

[M M GUPTA]

Whether an assessee is eligible to claim exemption of Rs. 4.00 lacs every year as is in case of Income Tax for the exemption limit.

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[Surender Gupta]

The exemption of Rs. 4 Lacs is available each but not like in Income tax. In service tax, the exemption is dependent on the turnover of the previous year. If the turnover of the previous year exceeds 4 Lacs, you are not eligible for avail in the current year.