new registration for service tax proceedure & rules

[suresh babu]

I am working in accounts assistant.  My boss have some buildings.   He was given rental for commercials . The rental income is near 1000000/- till date. And he was getting every month chit canvasing commission from chit company the approcimate of  Rs.500000 and above.

 

But service tax Rs.1000000/- is exemption for registration. After 10 lacks what is the amount for taxable (my doubt From tax Rs.1/- or Rs.10,00,001.)

One service tax number two services providing . Two services limit is rs.1000000/- or each services limit exceeding 1000000/- .

If exceeding one services 1000000/- and another services rs.400000/-

is eligible for one service tax or both

renting for commerical purpose, which category services in service tax

and 

chit canvasing commission received from chit running company. The company deduct tds and issue the tds certificate. The company was not added service tax by commission

Which category for chit canvasing commssion in service tax. 

My boss eligible for chit canvasing commission in service tax

Kindly reply it.

Regards

K Suresh Babu

 

 

AI Summary

Service Tax Applies to Chit Commissions; Exemption for Income Below Rs. 9,00,000 Explained An individual working as an accounts assistant inquired about service tax registration and the taxability of rental income and chit canvassing commissions. The individual's boss earns rental income from commercial properties and commissions from a chit company. They sought clarification on whether service tax applies once income exceeds Rs. 10,00,000, and if separate services are taxed individually or collectively. Responses indicated that chit canvassing commissions are taxable as intermediary services under the Negative List Concept. Additionally, the initial service tax exemption applies only once for all services per assessee, with no registration required if annual income remains below Rs. 9,00,000.