07 February 2015
Hi We have service tax registration of courier service as well as Renting of immovable property. The net turn over in courier business is more than 10 lakh, Can we avail the exemption limit of Rs.10 lakh in renting service?
07 February 2015
No, if aggregate value of all the taxable services provided exceeds Rs. 10 Lakh, you have to pay a tax on balance amount. This benefit is available assessee wise and not service wise. Hence you will have to pay service tax on any amount exceeds RS.10 Lakh
CAclubindia
