https://www.taxtmi.com/forum/issue?id=431 Exemption from service tax depends on the aggregate value of taxable services rendered in the preceding financial year: if that aggregate does not exceed the statutory threshold, the provider is exempt in the current year and need not charge service tax until the threshold is exceeded. The threshold was increased from Rs.4 lakhs to Rs.8 lakhs effective 01/04/2007; an assessee with Rs.7.50 lakhs turnover in FY2006-07 therefore qualifies for exemption in the current year and need not charge service tax until the limit is breached. en-us Wed, 02 May 2007 14:09:51 +0530 Thu, 23 Jan 2025 15:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=431 Exemption from service tax depends on the aggregate value of taxable services rendered in the preceding financial year: if that aggregate does not exceed the statutory threshold, the provider is exempt in the current year and need not charge service tax until the threshold is exceeded. The threshold was increased from Rs.4 lakhs to Rs.8 lakhs effective 01/04/2007; an assessee with Rs.7.50 lakhs turnover in FY2006-07 therefore qualifies for exemption in the current year and need not charge service tax until the limit is breached. Discussion-Forum Service Tax Wed, 02 May 2007 14:09:51 +0530 https://www.taxtmi.com/forum/issue?id=431