i have a doubt regarding applicabilty of service tax
is exemption limit for Rs 1000000/- for individual taxble services or Total taxable services
for example a company is paying services tax on clearing & forwarding services.its gross receipt from clearing n forwading service is amounting to Rs 11 Lacs.
this co is also having rental income amounting to Rs 2 Lacs pa
will service tax be levied on Rental income