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)
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
CAclubindia
