Rental Issue (Service tax) & booking
This query is : Resolved
05 December 2008
Dear Sir,
A rental agreement is made between a pvt company from 01nov 2008. in two part.
1st part states (60000) as rent on business premises inclusive of service tax. The service tax if any applicable shall be reimbursed by us.
2nd part states (40000) as rent on amenities ie- telephone, furnitures etc(exclusive of charges)
How we will book the J.V. of these expense?
Is the service tax applicable on (1) & (2) or only (1)
What is the clause in respect of service tax on rental agreement.Whether a service tax no is mandatory to be provided on agreement or agreement is enough.
Regards,
Khan
A rental agreement is made between a pvt company from 01nov 2008. in two part.
1st part states (60000) as rent on business premises inclusive of service tax. The service tax if any applicable shall be reimbursed by us.
2nd part states (40000) as rent on amenities ie- telephone, furnitures etc(exclusive of charges)
How we will book the J.V. of these expense?
Is the service tax applicable on (1) & (2) or only (1)
What is the clause in respect of service tax on rental agreement.Whether a service tax no is mandatory to be provided on agreement or agreement is enough.
Regards,
Khan
13 December 2008
Let me give my opinion on ST issues :
Both 1 & 2 are taxable. First one under RIS and the second one under Business support Services (BSS) The Ageement is between the lessor and lessee and the govt. has no say over that (About ST No.) Reg. JV entry let CAs offer their opinion
Both 1 & 2 are taxable. First one under RIS and the second one under Business support Services (BSS) The Ageement is between the lessor and lessee and the govt. has no say over that (About ST No.) Reg. JV entry let CAs offer their opinion
27 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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 Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Payable outstanding for years disallowance
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- Whether still royalty
- Form 26QB for TDS on property
- TDS applicability on Service through ECO
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
