https://www.taxtmi.com/forum/issue?id=275 The exemption of Rs. 4 Lacs in service tax is contingent on prior-year turnover: the exemption is available only if the previous year's turnover did not exceed the exemption threshold, and if the previous year's turnover exceeds that threshold the assessee is not eligible to claim the exemption in the current year. en-us Wed, 08 Nov 2006 22:46:40 +0530 Thu, 23 Jan 2025 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=275 The exemption of Rs. 4 Lacs in service tax is contingent on prior-year turnover: the exemption is available only if the previous year's turnover did not exceed the exemption threshold, and if the previous year's turnover exceeds that threshold the assessee is not eligible to claim the exemption in the current year. Discussion-Forum Service Tax Wed, 08 Nov 2006 22:46:40 +0530 https://www.taxtmi.com/forum/issue?id=275