Dear Members,
A co-op society collects commercial rent of Rs. 10,30,000 p.a.
Municipal taxes paid Rs. 1,10,000/-
My query is
Limit of 10lacs is to be considered after deducting Mun. tax?
1030000-110000=920000
So should the society collect service tax and pay the same or only registration is required.
Regards,
CA P R Parmar