Increase in exemption limit

[Guest]

The Finance minster has raised the ST exemption limit to Rs. 8.00 lacs will there is any chances in further incrasing in the limit.

[Madhukar N Hiregange]

NO change in this is expected at least for a few years

AI Summary

No further increase in service tax exemption limit beyond Rs. 8 lakhs expected for several years. A query was raised regarding the possibility of further increasing the service tax exemption limit, which had recently been raised to Rs. 8.00 lakhs by the Finance Minister. The response indicated that no further changes in the exemption limit are expected for at least a few years.