https://www.taxtmi.com/article/detailed?id=1865 The notification exempts from service tax those taxable services whose aggregate value of services charged in the first consecutive invoices of a financial year does not exceed the prescribed threshold, excluding amounts in respect of services already wholly exempt and excluding services provided under another's brand or where tax payment is required under special payment provisions. Conditions to avail exemption include an irrevocable annual option to pay, disallowance of CENVAT credit on inputs and capital goods during the exemption period, repayment of credit on stock/in process items, lapse of unutilized credit, and aggregation of value across all premises. en-us Wed, 22 Aug 2012 10:41:36 +0530 Wed, 22 Aug 2012 10:41:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1865 The notification exempts from service tax those taxable services whose aggregate value of services charged in the first consecutive invoices of a financial year does not exceed the prescribed threshold, excluding amounts in respect of services already wholly exempt and excluding services provided under another's brand or where tax payment is required under special payment provisions. Conditions to avail exemption include an irrevocable annual option to pay, disallowance of CENVAT credit on inputs and capital goods during the exemption period, repayment of credit on stock/in process items, lapse of unutilized credit, and aggregation of value across all premises. Articles Service Tax Wed, 22 Aug 2012 10:41:36 +0530 https://www.taxtmi.com/article/detailed?id=1865