https://www.taxtmi.com/forum/issue?id=106419 Exemption depends on the aggregate value of taxable services in the preceding financial year: if the preceding year exceeds the 10 lakh exemption, service tax must be collected in the current year; if the preceding year remains within the limit, no service tax is payable. Anticipated breaches require prior registration and compliance, and crossing the threshold causes loss of exemption for the following year; if the preceding year's taxable services fall below the limit, exemption is restored for the next year. en-us Sat, 11 Jan 2014 17:27:18 +0530 Thu, 23 Jan 2025 15:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106419 Exemption depends on the aggregate value of taxable services in the preceding financial year: if the preceding year exceeds the 10 lakh exemption, service tax must be collected in the current year; if the preceding year remains within the limit, no service tax is payable. Anticipated breaches require prior registration and compliance, and crossing the threshold causes loss of exemption for the following year; if the preceding year's taxable services fall below the limit, exemption is restored for the next year. Discussion-Forum Service Tax Sat, 11 Jan 2014 17:27:18 +0530 https://www.taxtmi.com/forum/issue?id=106419