Service tax threshold altered: amendment raises prescribed turnover threshold, changing applicability and compliance for providers. The amendment replaces the previously specified monetary amount in section 89(1) of the 1994 Act at both occurrences with a higher prescribed sum, thereby ... Summary
Service tax threshold altered: amendment raises prescribed turnover threshold, changing applicability and compliance for providers.
The amendment replaces the previously specified monetary amount in section 89(1) of the 1994 Act at both occurrences with a higher prescribed sum, thereby raising the monetary threshold that determines the section's application while leaving other provisions unchanged.
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