Sevice tax in case of more than one services

This query is : Resolved

Lokenath Saha (Querist)
Follow

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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

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.

Message likes : 1 times

Lokenath Saha

Lokenath Saha (Querist)
Follow

02 January 2012 In this situation can we amend our ST-2 or not???

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

02 January 2012 ST-2 has to be necessarily amended to include the new service viz.,"renting of immovable property".

Lokenath Saha

Lokenath Saha (Querist)
Follow

02 January 2012 Thanks a lot...........

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Kumarasamy Chandramoorthi

Jagadeesh GR

kambamcr@gmail.com

Vignesh Pai

Rampal Saini

Subscribe Now

Sevice tax in case of more than one services

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

Senior Executive