Service tax exemption

Free (97 Points)

10 May 2007  
Dear all,

I want to know:

If service provider had provided the service of Rs. 6,00,000/- in 2004-2005, but the realisation of profession fee was only Rs. 2,00,000/-. [i][u](there was no possibility of remaining amount could be realized[/i][/u])

From 1-5-2005, when exemption of Rs. 4,00,000/- came, is this service provider is eligible to get the exemption for year 2005-2006?

The notification says that "[u][i]the aggregate amount means that the total amount received after first consecutive payment during the previous financial year[/i] [/u]". If this falls within Rs. 4,00,000/-, I think the service provider is automatically get eligible for exemption, please put your valued opinion on the issue..