Service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2012
We are paying rent to X person, we are using this property for Commercial purpose, we are paying rent Rs.92449/- P.M. (Yearly Rs.11,09,388/-).
X person (Land Lord) is taken Service Tax Registration on 05.11.2012, now he is asking Service Tax on rent from Apr'12.(Land Lord given letter (09.11.2012) for Service Tax from Apr'12 )
Shall we pay the service tax from Apr'12 or Shall we pay the service tax on Rent from Nov'12 (As Land Lord register service tax from 05.11.2012), Pls advice me sir at the aerliest.
X person (Land Lord) is taken Service Tax Registration on 05.11.2012, now he is asking Service Tax on rent from Apr'12.(Land Lord given letter (09.11.2012) for Service Tax from Apr'12 )
Shall we pay the service tax from Apr'12 or Shall we pay the service tax on Rent from Nov'12 (As Land Lord register service tax from 05.11.2012), Pls advice me sir at the aerliest.
19 November 2012
First of all, the landlord will get exemption of Rs. 10 lakhs in the first year. The ST will be charged after Rs. 10 lakhs only.i.e in the first year he will charge service tax on Rs. 109388 only.
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- 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 ?
Trending Online Classes
CAclubindia
