TaxTMI 
TaxTMI 
If i want to avail the exemption under notification No 6/2005 dt 01.03.2005 modified by Finance Act, 2008 wef 01.04.2008 , what to do with regard to the invoices raised upto 31.03.2008 which has not been realised as on date.
Exemption clarification
11 Mar 2008 
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Service tax exemption: collections on previously issued invoices can remain taxable if tax was charged earlier.
Collections on invoices issued before the exemption period but realised during it may be taxable if tax was charged or the taxpayer was taxable earlier; while one view treats such realisations as exempt when opting for the service tax exemption, other views require deposit of tax on those receipts irrespective of subsequent exemption eligibility, distinguishing prospective threshold entitlement from ongoing liability on previously taxable bills. (AI Summary)
Collections on invoices issued before the exemption period but realised during it may be taxable if tax was charged or the taxpayer was taxable earlier; while one view treats such realisations as exempt when opting for the service tax exemption, other views require deposit of tax on those receipts irrespective of subsequent exemption eligibility, distinguishing prospective threshold entitlement from ongoing liability on previously taxable bills. (AI Summary)