I want clarification about service tax, Our company rent amount Rs. 1,40,000/-. it is our M.D.own building. he is bill raised without service tax. As per notification no. 45/07-08-12. It is applicable for reversecharge mechanism ?. Pl help me. Now, service tax auditing going on .
11 May 2014
Notification 45/07-08-12 is applicable for Director's remuneration.So, Payment of rent would not be liable to service tax under reverse charge mechanism.
This may be liable to service tax under renting of immovable properties if M.D Gross taxable income exceeds 10 Lacs.
CAclubindia
