Is service tax is deductable on rent
This query is : Resolved
15 June 2012
we are tenant of a firm
we pay them a rent
the firm given us the bill of service tax
is it fair
we pay them a rent
the firm given us the bill of service tax
is it fair
15 June 2012
YES..RIGHT
15 June 2012
Yes It's Right.
16 June 2012
Yes service tax can be deducted as expense.
16 June 2012
Please explain your query in detail to get the complete and satisfied answer
16 June 2012
Rent comes under the ambit of service tax "Renting of Immovable Properites". Hence it is liable for service tax. However you may check whether the firm is eligible for getting exemption of small service provider?
18 June 2012
Renting of Immovable property is considere as a service. Service tax is payable by the provider
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