Hello Prasadu
[QUOTE=aa_somani;1936174]Dear Jignesh
Any provider of taxable service whose ‘aggregate value of taxable service’ (‘aggregate value’ has been defined in Rule 2(b) of The Service Tax (Registration of Special Category of Persons) Rules, 2005) in a financial year exceeds nine lakh rupees. After crossing limit of 10 lakh he has to pay service tax on every receipt. This limit is for a financial year. Once he cross the limit in any financial year then he has to pay service tax for next financial year from rupee 1. From next year he can’t claim benefit of exemption of Rs. 10 Lakh. This exemption for financial year in which he cross exemption limit. If his receipt doesn’t cross Rs. 10 lakh for 3 years then he doesn’t have to pay service tax for 3 year.
Periodicity of Payment
For personal, HUF, propitiatory or partnership firm - Quarterly
For other - Monthly
Best Luck.
Feel free to ask anything else..