Renting of immovable property

Service tax needs to be charged if teh value of the services rendered duri9ng the eyar exceeds Rs 15lacs.  Else ST need not be charged.

dear giridhar,

the threshold hold limit is of 10lakhs, is it like dis is amended under the budget.

n i my case both service receiver and service provider hav service income below 10lakhs.

thanks

Hiiiiiiiiiiiii

Please help me out with this case

Suppose a property is owned by four persons and is let out for 33lakhs p.a. share of each co-owner is equal rent is equally divided.Now whether there is any ST liability on it .

Explain with legal provisions 

If you divide the 33lacs income for 4 persons, the individual income is not crossing 9 lacs and hence all the four are exempted in registering under service tax.  But, be sure that in the bank pass book the rental income is credited in the individual owners name.