https://www.taxtmi.com/forum/issue?id=2661 Service tax liability hinges on preceding-year turnover and first-year assessment status: if the preceding financial year turnover did not exceed the exemption ceiling, the exemption for the current year can be claimed and service tax is payable only on amounts exceeding that threshold; if the provider was taxable or exceeded the threshold in prior years, the exemption is not available and tax applies to gross receipts in the taxable year. en-us Wed, 19 Jan 2011 17:26:58 +0530 Thu, 23 Jan 2025 15:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2661 Service tax liability hinges on preceding-year turnover and first-year assessment status: if the preceding financial year turnover did not exceed the exemption ceiling, the exemption for the current year can be claimed and service tax is payable only on amounts exceeding that threshold; if the provider was taxable or exceeded the threshold in prior years, the exemption is not available and tax applies to gross receipts in the taxable year. Discussion-Forum Service Tax Wed, 19 Jan 2011 17:26:58 +0530 https://www.taxtmi.com/forum/issue?id=2661