I have two commercial properties that I have rented out each bearing me Rs. 50,000/- per month as rent. If treated in isolation, neither are under the ambit of service tax. However, when clubbed together my annual proceeds exceed the threshold limit of Rs. 10 lacs p.a. for charging of service tax. Both the properties are in my name only.
Am I liable to charge service tax from the tenant? Is service tax implication computed assesseewise or propertywise?