Threshold Limit
From 1st April, 2007, exemption granted to service provider from lev v of service tax on taxable service of "aggregate value not exceeding eight lakh rupees" in any financial year. The above exemption not available to:
1. Taxable service provided by a person under a brand name or trade name of another person; or
2. Such value of taxable service for which service tax is pat able by person specified in section 68(2) (i.e., other than service provider).
Tuesday, March 9, 2010
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