TaxTMI 
TaxTMI 
Renting of immovable property by Co-owners There is a single property let out for commercial purpose. Out of 4 Co-owners 2 are getting annual Rent Rs. 9 Lacs and other 2 are getting annual rent of Rs. 6 Lacs. Now does all the 4 co-owners need to get registered and pay service tax or only those crossing the threshold limit need to get registered and pay service tax. Regards
Registration of service tax - exemption limit
06 Feb 2008 
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Service provider threshold determines registration for service tax; co-owners with excess receipts must register and remit tax.
Service tax registration and liability for rent from jointly owned property is determined individually for each co-owner as a service provider by reference to that co-owner's aggregate taxable service receipts; co-owners whose receipts exceed the threshold must register, bill separately and remit tax, while others need not. Deductions and CENVAT credits should be apportioned proportionately among co-owners to reflect each share of the taxable service and tax liability. (AI Summary)
Service tax registration and liability for rent from jointly owned property is determined individually for each co-owner as a service provider by reference to that co-owner's aggregate taxable service receipts; co-owners whose receipts exceed the threshold must register, bill separately and remit tax, while others need not. Deductions and CENVAT credits should be apportioned proportionately among co-owners to reflect each share of the taxable service and tax liability. (AI Summary)