https://www.taxtmi.com/forum/issue?id=3164 Exemption depends on the previous year's taxable turnover: if prior-year turnover exceeded the exemption threshold, no exemption applies in the next fiscal year and service tax must be collected and remitted from the first rupee charged from the start of that fiscal year; tax collected cannot be retained, erroneous collections must be refunded to the payer, and interest and penalties may apply for non-compliance. en-us Mon, 11 Jul 2011 20:17:31 +0530 Thu, 23 Jan 2025 15:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3164 Exemption depends on the previous year's taxable turnover: if prior-year turnover exceeded the exemption threshold, no exemption applies in the next fiscal year and service tax must be collected and remitted from the first rupee charged from the start of that fiscal year; tax collected cannot be retained, erroneous collections must be refunded to the payer, and interest and penalties may apply for non-compliance. Discussion-Forum Service Tax Mon, 11 Jul 2011 20:17:31 +0530 https://www.taxtmi.com/forum/issue?id=3164