https://www.taxtmi.com/article/detailed?id=568 The exemption is available where the aggregate value of taxable services in the preceding financial year does not exceed the prescribed threshold and the service provider files an annual option to avail the exemption. Valuation follows section 67 (gross amount charged less prescribed exclusions/abatements) and the threshold applies to the provider as a whole across all services and premises. After availing exemption, amounts invoiced/collected up to the threshold remain non-taxable, but the provider must charge and pay service tax on subsequent invoices once cumulative collections exceed the threshold in that year. en-us Sun, 22 Nov 2009 00:00:00 +0530 Sun, 22 Nov 2009 23:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=568 The exemption is available where the aggregate value of taxable services in the preceding financial year does not exceed the prescribed threshold and the service provider files an annual option to avail the exemption. Valuation follows section 67 (gross amount charged less prescribed exclusions/abatements) and the threshold applies to the provider as a whole across all services and premises. After availing exemption, amounts invoiced/collected up to the threshold remain non-taxable, but the provider must charge and pay service tax on subsequent invoices once cumulative collections exceed the threshold in that year. Articles Service Tax Sun, 22 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=568