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St on immovable property

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(Querist)
12 December 2012 I have one confusion regarding taxability of renting of immovable property service?

There is a provision that if value of service in P.Y exceeds 10 lacs then from C.Y ST has to be paid from one rupee.
But I am coming across some articles where it is mentioned that there is further exemption of 10 lacs in the C.Y to this type of service.

i.e If in P.Y value is more than 10 lacs and if in C.Y value of service is 15 lacs then on only 5 lacs ST is to be payable?
Is this so?
Please explain.
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@VaibhavJ

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@VaibhavJ (Expert)
12 December 2012 Hi

It is not so, pl share the link if you have any.

Thanks//Vaibhav
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