Registration of service tax - exemption limit

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..... Registration of service tax - exemption limit
Query (Issue) Started By: - Bhuvnesh Dated:- 6-2-2008 Last Reply Date:- 7-2-2008 Service Tax
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Service Tax
Renting of immovable pro .....

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..... perty 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. 6 Lacs. Now does all th .....

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..... e 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: The Reply: The threshold .....

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..... 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 limit should register, raise .....

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..... 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 income (including any other serv .....

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..... ices 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 should also be claimed proport .....

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..... ionately.
Discussion Forum - Knowledge Sharing .....

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