Increase in exemption limit

[Asked by Guest]

The Finance minster has raised the ST exemption limit to Rs. 8.00 lacs will there is any chances in further incrasing in the limit.

[Madhukar N Hiregange]

NO change in this is expected at least for a few years

AI Summary

Service tax exemption limit: no further increases expected in the near term, per revenue guidance.
Increase in service tax exemption limit: a query asked whether the raised exemption threshold will be further increased; the advisory reply states no change is expected for at least a few years, indicating short-term policy stability rather than a binding decision.