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My query is, For Financial Year 2005-06 value of services rendered are Rs. 2.5 lacs, it means i am e, Service Tax |
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My query is, For Financial Year 2005-06 value of services rendered are Rs. 2.5 lacs, it means i am e |
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My query is, For Financial Year 2005-06 value of services rendered are Rs. 2.5 lacs, it means i am eligible for basic exemption of Rs. 4 lacs for financial year 2006-07. now in 2006-07 i received Rs. 2.5 lacs commission from general insurance co. (liability to pay service tax is on insurance co. and Rs. 4.60 lacs brokerage as sub broker (NSE & BSE). now whether service tax is payable on Rs. .60 lacs.
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It is presumed that the reciver shall pay the St on 2.5 L therefore you need to pay only on 60K.
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