https://www.taxtmi.com/forum/issue?id=493 The service tax exemption threshold is applied cumulatively to all taxable services in a financial year. Renting of immovable property is taxable when used for business/commerce and became chargeable from 1 June 2007; receipts before that date are excluded from the threshold calculation. Service tax must be charged once cumulative taxable receipts exceed the exemption limit, recipients may claim CENVAT credit, and if tax was not collected earlier it must be accounted for in the month the threshold is crossed. en-us Mon, 23 Jul 2007 11:10:45 +0530 Thu, 23 Jan 2025 15:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=493 The service tax exemption threshold is applied cumulatively to all taxable services in a financial year. Renting of immovable property is taxable when used for business/commerce and became chargeable from 1 June 2007; receipts before that date are excluded from the threshold calculation. Service tax must be charged once cumulative taxable receipts exceed the exemption limit, recipients may claim CENVAT credit, and if tax was not collected earlier it must be accounted for in the month the threshold is crossed. Discussion-Forum Service Tax Mon, 23 Jul 2007 11:10:45 +0530 https://www.taxtmi.com/forum/issue?id=493