26 March 2009
A house is given on rent and service tax is collected at the rate of 12% or 10% as applicable.
The landlord has paid property tax on the house and takes exemption on the same while making payment of service tax to the Government.
For Example: Rent- 10000 Service tax collected -1030
Rent- 10000 (-) Property tax-1000 Service tax actually paid-927
My question is 1. Should the landlord reimburse the excess amount of service tax collected from tennant or 2.Should he make the payment of total service atx collected to the Govt
CAclubindia
