We are a Private Ltd. Company and pay approx 8 Lacs in rent to our landlord every year. Since the landlord rental income is less than 10 Lacs, they do not charge us a service tax. We have two such rental facilities so we make a total of 16L in rental payments a year to the two different landlords (8 Lacs each)
What is the impact, if any, to our service tax/ reverse service tax obligation following July 1, 2012?
Thank you for your assistance.
CAclubindia
