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TMI BlogRegistration of service tax - exemption limitX X X X Extracts X X X X X X X X Extracts X X X X ..... Renting of immovable property by Co-owners There is a single property let out for commercial purpose. Out of 4 Co-owners 2 are getting annual Rent Rs. 9 Lacs and other 2 are getting annual rent of Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 Lacs. Now does all the 4 co-owners need to get registered and pay service tax or only those crossing the threshold limit need to get registered and pay service tax. Regards - Reply By V Ramanujam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = The threshold limit of applicability should be calculated on 'service provider' wise and not on property wise. Hence, in such case, two co-owners whose annual service income exceeds the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... limit should register, raise separate bill charging service on their portion of rent and pay it to the Govt. Other co-owners need not register, charge and pay service tax if their overall service inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ome (including any other services rendered by them) does not cross the threshold limit. I am of the view that any deduction on service tax liability such as property tax and CENVAT on input services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... should also be claimed proportionately. - Registration of service tax - exemption limit - Query Started By: - Bhuvnesh Dated:- 6-2-2008 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - K ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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