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TMI BlogBasic Exemption of Rs.10 Lakhs in Service TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... Basic Exemption of Rs.10 Lakhs in Service Tax X X X X Extracts X X X X X X X X Extracts X X X X ..... year amount is below rs. 10 lakhs. ? pls provide reference also. Reply By CA GOPALJI AGRAWAL: The Reply: The turnover of the preceding year only is to be considered. If turnover is below 10 lac in preceding year then exemption may be claimed again Reply By raj kumar shukla: The Reply: I agree with above reply. Reply By lakhmichand khandelwal: The Reply: i also agree with the same Reply By j ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ayaprakash jagirdar: The Reply: I ALSO AGREE WITH THE SAME. Reply By NEERAJ KUMAR, RANCHI: The Reply: In addition to what has been said above, I wish to say with reference to your question that once your cross the limit of Rs 10 Lakh, only next year you will not be entitled for any exemption. Again if your turnover is less that Rs 10 Lakh in a year the next year you will be entitled for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exemption. Reply By KIRTIKUMAR PUROHIT: The Reply: Reply of Niraj Kumar is most proper, 10 Lac limit of Exemption is available in basis of turnover limit of preceding finanacial year that means any year limit within the 10 lac in that case exemption is available next financail year. Reply By RAM SHARMA: The Reply: will we do include service tax amount in 10 laks limit for asess service tax li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ability.
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