University Entitled to SSI Exemption on Renting of Immovable Services when Aggregate Income is Below ₹10 Lakh: CESTAT

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has ruled that a university is entitled to claim the Small Scale Industry (SSI) exemption on the services of renting of immovable property, provided that the university's aggregate income from all sources remains below the threshold of ₹10 lakh in the relevant financial year. This decision is in line with the government's policy to support small-scale service providers and extends this benefit to educational institutions that may also be providing renting services on a smaller scale, provided they meet the specified income criteria.