14 May 2015
My client a owner of a shop in a mall, and gets a rent of Rs.30000 per month. She is an individual, does she need to collect and pay the service tax? if yes at what rate 14% or 12.36%. Pls reply I need this very urgent.
14 May 2015
No service tax payable on this provided this is the only shop she is renting out. For small service providers no service tax payable for turnover up to 10 lakhs.