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Mine is a sole-propritory software development unit, we began operation three months back and till date we have transacted business of less than of Rs.1 Lakh which is mostly due to services rendered to Govt. Sector. We have not collected any service tax thus far. Are we within the 10L exemption limit or do we necessarily need to pay Service Tax ?
From United States , Chicago
exemption of 10 lacs is available even if service is given to govt departments. the 10 lacs limit shall be count from 01.04.2012 as the financial year has been changed.
From India , Delhi
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