commercial godown complex comprising of three floors basement+ ground+first floor build up jointly comprising of 6 owners having rental income jointly Rs 1500000/- per annum of full complex area means 250000 /- per annum per person . do we come under the regulation of service tax act to pay service tax ???????
if no, service tax inspector is of the view that as it is a complex it comes under the tax barrier of service tax and exceeds the limit of service tax limit of rs 1000000 /- jointly and therefore to get registered under service tax act and have to pay service tax .
CAclubindia
