Increase in exemption limit
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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.
Service tax exemption limit: no further increases expected in the near term, per revenue guidance. Increase in service tax exemption limit: a query asked whether the raised exemption threshold will be further increased; the advisory reply states no change is expected for at least a few years, indicating short-term policy stability rather than a binding decision. (AI Summary)
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