A family of 4 brothers have joint properties which are let out and the eldest brother;s share in rent is Rs. 12 Lakhs in the previous year but he has not registered neither charged service tax on the same as the tenants are issuing cheques jointly in the name of all 4 brothers. Now
1. How the eldest brother can charge service tax
2. Whether Service tax is to be charged on the entire amount of Rs. 12 Lakhs or he can claim Rs. 10 Lakhs exemption and charge Service tax on the balance amount of Rs. 2 Lakhs. If yes, under which section is this exemption available.
3. Is there any remedy from payment of Service tax on rent for the Individuals.
Please reply.
Thanks in advance....
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Service tax on rent