Sevice tax in case of more than one services
This query is : Resolved
02 January 2012
We have doing business auxilarry service and for that we got our service tax registration. Now, we intend to give one portion of our premises to some one as rental basis. My question is that is we are liable to pay S.Tax on rental income as the rental income does not exceeds 10 lacks p.a.
02 January 2012
Threshold exemption of10 lakhs is assessee wise and not service wise, hence rent is liable for ST.
Please see clause 2(vii) of Notification no. 6/2005 dated 1/3/2005 in support of the above view.
Please see clause 2(vii) of Notification no. 6/2005 dated 1/3/2005 in support of the above view.
Message likes :
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02 January 2012
In this situation can we amend our ST-2 or not???
02 January 2012
ST-2 has to be necessarily amended to include the new service viz.,"renting of immovable property".
02 January 2012
Thanks a lot...........
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