As per Notification no. 33/2012
it is necessary in the public interest so to do, hereby exempts taxable services of aggregate value not exceeding ten lakh rupees in any financial year from the whole of the service tax leviable thereon under section 66B of the said Finance Act.
No doubt eg. given by the Ms. Manisha is correct "taxable services means any services on which service tax is leviable under serction 66B ,
Section 66B There shall be levied a tax (hereinafter referred to as the service tax) at the rate of twelve per cent. on the value of all services, other than those services specified in the negative list, provided or agreed to be provided in the taxable territory by one person to another and collected in such manner as may be prescribed.
as per above definition only negative services which are not taxable. However as per the wording of the cited case law of Sh. Ashok Kumar Misra it is in practice that we provide benefit to the service provider and consider only taxable value for the pupose of given SSP exemption.
Conclusion: In my opinion do as per the practices followed by the practicioner.