I am a salaried person. Apart from Salary ,I get Income from House Property, Rs. 20,00,000 (Lakhs) per Annum.Out of which, Rs 18 Lakhs is from Property Let out for Residential Purpose and the balance Rs 2 Lakhs fromproperty let out for Commercial Purpose.
Do I have to register for Service Tax. Do I have to collect Service Tax on Rental Income from House Property and remit the same to Service Tax Treasury ??