Sevice tax in case of more than one services

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Lokenath Saha (Querist)
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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)
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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.

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Lokenath Saha

Lokenath Saha (Querist)
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02 January 2012 In this situation can we amend our ST-2 or not???

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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)
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02 January 2012 Thanks a lot...........

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