TaxTMI 
TaxTMI 
Is 10 Lakh exemption limit for service provider is available every f. year
Exemption Limit
11 Jan 2014 
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Service tax exemption rule: entitlement hinges on preceding financial year aggregate and triggers registration and continuous collection.
Exemption depends on the aggregate value of taxable services in the preceding financial year: if the preceding year exceeds the 10 lakh exemption, service tax must be collected in the current year; if the preceding year remains within the limit, no service tax is payable. Anticipated breaches require prior registration and compliance, and crossing the threshold causes loss of exemption for the following year; if the preceding year's taxable services fall below the limit, exemption is restored for the next year. (AI Summary)
Exemption depends on the aggregate value of taxable services in the preceding financial year: if the preceding year exceeds the 10 lakh exemption, service tax must be collected in the current year; if the preceding year remains within the limit, no service tax is payable. Anticipated breaches require prior registration and compliance, and crossing the threshold causes loss of exemption for the following year; if the preceding year's taxable services fall below the limit, exemption is restored for the next year. (AI Summary)