06 October 2015
GOOD MORNING EXPERTSS, THIS QUERY VERY URGENT FOR ME. OUR HEAD OFFICE IS SITUATED IN RENTED PLACE. WHICH RENT PER MONTH CHARGE BY OWNER IS 1 LAKH. MY QUERY ONLY THAT WHO WILL PAY SERVICE TAX ON IMMOVABLE PROPERTY. I READ IN TAX GURU WEBSITE THAT
Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes. THEN TAXABLE PORTION IS 60% AFTER TAKE 40% ABATEMENT. PLEASE TELL ME THAT WHO WILL PAY THIS 60 % SERVIE TAX
06 October 2015
Service tax is payable on 100% value as it is not meant for residential or lodging. The owner of the property is liable to pay service tax.
06 October 2015
MEANS SIR LAND LORD WILL PAY 14% SERVICE TAX. ON RENT 1 LAKH. SIR CAN WE TAKE CENVAT CREDIT OF SERVICE TAX PAID AT THE TIME OF EXCISE PAYMENT
14 October 2015
sie we deposited service tax on rent a cab @ 40%. then sir at the time of filling service tax return. in rent a cab sheet in st3 return. there are 3 option show for service receiver. 100%,40% 50%. but we deposited service tax 40% on invoice value. then sir which percentage we will select .
14 October 2015
SIR WE RECEIVED A BILL OF HIRING/RENT CHARGES OF MACHINE. MACHINE IS RELATED WITH OUR PRODUCTION. IN RENT BILL SERVICE TAX ALSO INCLUDE. SIR CAN WE TAKE CENVAT CREDIT OF THIS AT THE TIME OF EXCISE PAYMENT.
27 October 2015
sir plaz reply this query abt. dep relative query thanks Read more at: https://www.caclubindia.com/experts/how-to-calculate-depriciation-on-capital-goods-2204919.asp