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service tax on rent

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(Querist)
25 June 2011 is Service Tax applicable for rent & what is the limit
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Kumar Babu.G

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Kumar Babu.G (Expert)
25 June 2011 Yes Service Tax is applicable on rent on immovable property.
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B R Ramesh

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B R Ramesh (Expert)
25 June 2011 Hi

there is basic exemtion of 10 lakh

once the the turnover nearing to 9 lakh you need to take a registration & charge 10.3% of services tax on the taxable income.
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