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Service tax on rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2011 For Which amount of rent, service tax is applicable. ie., rent minus property tax or only rent is considered for service tax applicability.
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U S Sharma

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U S Sharma (Expert)
04 August 2011 Gross amount receipt as rent is subject to service tax.
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O.D.SHARMA

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O.D.SHARMA (Expert)
05 August 2011 Yes ,charge service Tax on gross value & Pay
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 August 2011 The value of taxable service shall be the gross amount charged for renting of such immovable premises less amount of property tax paid to local authorities on such property.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
05 August 2011 I agree with the experts provided your yearly rent is more than 10 Lacs

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