Immovable property co-owners eligible for individual service tax exemptions .6/2005-S.T.

The appellants, as individual co-owners of a jointly owned immovable property, are entitled to individual service tax exemptions on rent received from leasing the property. Under Notification No. 6/2005-S.T. dated March 1, 2005, they qualify for separate threshold exemptions and cannot be treated as an association of persons for combined service tax recovery. The CESTAT ruled in favor of the appellants, allowing the appeal and confirming their eligibility for individual exemptions. .....

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