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Here is an interesting service tax issue from a friend.
Mail me your views on it to mail id: ableindiaemail@yahoo.com
Dear Friends
1. Please let me know what is the current status, whether we have to pay service tax or wait for further.
2. One of My Client was paying service tax and his receipt was more than 10 Lacs in 2009-10. In 2010-11 his receipt was 7.50 Lacs . Current year that is 2011-12 his expected receipt will be 7.80 Lacs. Whether in current year he is liable to pay tax.
