Basic exemption limit raised for service tax, increasing the threshold for registration and taxable liability. Amendment to Notification No. 6/2005-Service Tax substitutes the words 'eight lakh rupees' wherever they occur with 'ten lakh rupees', thereby raising the basic exemption limit under that notification. The amendment is effected by Notification No. 8/2008-Service Tax, made under sub section (1) of section 93 of the Finance Act, 1994, and comes into force on the 1st day of April, 2008.
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Basic exemption limit raised for service tax, increasing the threshold for registration and taxable liability.
Amendment to Notification No. 6/2005-Service Tax substitutes the words "eight lakh rupees" wherever they occur with "ten lakh rupees", thereby raising the basic exemption limit under that notification. The amendment is effected by Notification No. 8/2008-Service Tax, made under sub section (1) of section 93 of the Finance Act, 1994, and comes into force on the 1st day of April, 2008.
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