Service tax payment on receipt basis

Respect members,

1. As per Point of taxation rules,Individual and partnership firms are allowed to pay service tax on receipt basis upto value of Rs. 50 lacs only if the value of taxable services in previous financial year is Rs. 50 lacs or less. My question is Whether the above rule of payment on recipt basis upto Rs. 50 lacs applicable for LLP(New incorporated) and applied mercantile method of accounting .(when we also estimates for providing service more than 50lac) 

2.I want to confirm  in case A newly incorporated LLP (Value of taxable service provided in previous F.Y. Nil). It has an option to avail Small service provider exemption also knowing the fact during the current year value of service wil be more than 10 lac. So  whether  service provider will not required to charge service tax on first consecutive invoices issued valued up to 10lac, if yes whether required to disclose in invoice about exemption if any and charge service tax after crossing the limit of 10lac.

Thanks