TaxTMI 
TaxTMI 
ABATEMENT Vs EXEMPTION
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....BATEMENT Vs EXEMPTION<br> Query (Issue) Started By: - Abhisek Tibrewal Dated:- 24-11-2011 Last Reply Date:- 3-12-2011 Service Tax<br>Got 2 Replies<br>Service Tax<br>On availing abatement under notific....
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....ation no.- 34/2011-S.T. ; can the threshold exemption limit of Rs. 10 Lakhs be claimed, being the first year of operation of the hotel (accomodation service provider) ? Reply By Deepak Nagori: The Re....
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....ply: Dear Abhishek, Yes the exemption limit of Rs. 10 lacs can be availed and service tax shall be payable for billings in excess of Rs. 10 lacs for the first year. From next year, though, you would....
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.... have to charge service tax right from the beginning. Regards CA Deepak Nagori Reply By R.S. Mangal: The Reply: The Exemption will be on first 10 lacs being gross amount without any abatement whic....
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....h may be noted.<br> Discussion Forum - Knowledge Sharing ....