Is the Service tax threshold limit applicable for all services or every individual service? For example, Company A providing Interior Decoration Services more than 10 lakhs and paying service tax. If the same company is renting an immovable property charging Rent as Rs.12,500/- per month i.e., Rs.1,50,000/- per annum. Is the company liable to pay ST on rent also?
Central Government has exempted taxable services of aggregate value not exceeding ten lakh rupees in any financial year from the whole of the service tax leviable thereon under section 66B of the said Finance Act.
It is applicable for all Services combined together and not individual service wise.
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