Rent
This query is : Resolved
23 September 2012
Dear Sir,
Our pvt ltd company is in gujarat with own shed , we have another one shed is in maharasta which we give to other company on rental total yearly rent amount (300,000) , we have any liability to pay service Tax ? (IF yes please provide calculation also)
Our pvt ltd company is in gujarat with own shed , we have another one shed is in maharasta which we give to other company on rental total yearly rent amount (300,000) , we have any liability to pay service Tax ? (IF yes please provide calculation also)
23 September 2012
If that is the ONLY service you are providing, you have the limit of 10 lakh before your company enters the field of paying service tax. If your cmpany is already providing other services above 10 lakh, then calculation will be 3,00,000/1.1236 say 266998 as rent and 300000-266998 = 33002
Message likes :
1 times
24 September 2012
Section 66E of the Finance ACT 1994 states Renting of Immovable Property (Commercial Property)as Declared Service.
But since yours is a case of SSP you can avail Rs. 10 lakhs exemption limit therefore you are not liable to pay tax
But since yours is a case of SSP you can avail Rs. 10 lakhs exemption limit therefore you are not liable to pay tax
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
