Let out commercial property on rent.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 December 2012 Sir,

I have given my commercial property on rent to 4 different concerns for Rs.17 Lacs p.a.

I am receiving service tax on the rent from 2 tenants and other 2 tenant are not paying service tax to me.

Can anybody guide me how to pay the service tax. can I am entitle to take input credit.

sanjay s

Amol S Joglekar

Amol S Joglekar (Expert)
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18 December 2012 01. You need to bear the service tax of those two tenants, from whom you are not able to collect.
02. You can very claim input credit.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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18 December 2012 First of all, no cenvat credit is available against payment of service tax on renting of immovable property.
If the 2 persons are not paying service tax then the amount payable by them will be grossed up and service tax will be determined and paid by you

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