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Home News Commentaries / Editorials Month 2 2007 2007 (2) This

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Budget 2007 - Service Tax – Changes in Existing Exemption

28-2-2007

Contents

Threshold limit of Rs. 4 lakhs exemption has been increased to Rs. 8 lakhs with effect from 1-4-2007. [Notification No. 4/2007-Service Tax dated 01.03.2007].

Correction in Export of Services Rules, 2005. Sub Rule (2) of Rule 3 has been substituted with effect from 1-3-2007 [Notification No. 2/2007-Service Tax dated 01.03.2007].

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