Small service provider exemption: limited-value taxable services exempt from service tax subject to opt-in and CENVAT restrictions. Service tax exemption applies to taxable services of small service providers whose aggregate value in a financial year does not exceed the prescribed threshold, excluding services under another's brand and amounts subject to reverse charge. The exemption is optional for a financial year and, if availed, prohibits taking CENVAT credit on input services or capital goods during the exemption period; any CENVAT credit on inputs in stock or in process must be paid up and remaining unutilised credit lapses. Aggregation is across all premises and services; goods transport agency receipts under reverse charge are excluded for threshold computation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Small service provider exemption: limited-value taxable services exempt from service tax subject to opt-in and CENVAT restrictions.
Service tax exemption applies to taxable services of small service providers whose aggregate value in a financial year does not exceed the prescribed threshold, excluding services under another's brand and amounts subject to reverse charge. The exemption is optional for a financial year and, if availed, prohibits taking CENVAT credit on input services or capital goods during the exemption period; any CENVAT credit on inputs in stock or in process must be paid up and remaining unutilised credit lapses. Aggregation is across all premises and services; goods transport agency receipts under reverse charge are excluded for threshold computation.
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