Service tax

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priyankabagga (Querist)
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26 September 2012 can amy1 answer me in case of immovable property what tax planning can be done by service receiver under reverse charge mechanism to pay less service tax

CA Suresh Jain

CA Suresh Jain (Expert)
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27 September 2012 I presume that you are receiving rent from the immovable property. There is no reverse charge on the rent. please elaborate your question

priyankabagga

priyankabagga (Querist)
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27 September 2012 alright thanku ..ok now if a director is letting his property to company on rent ..so who is liable to pay service tax and what tax planning can be done to save service tax...

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CA Suresh Jain

CA Suresh Jain (Expert)
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28 September 2012 Director is liable to pay service tax if the rent received after deduction of property tax payable against the property is more than Rs. 10 lakh per annum.

The charges for utilisation of the premises like electricity, water, society maintenance charges, repairing etc. should be paid directly by the Company to save service tax on the same

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priyankabagga

priyankabagga (Querist)
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30 September 2012 thank u so much for nice suggestion but this is already being followed..any other suggestion is most welcomed...

priyankabagga

priyankabagga (Querist)
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30 September 2012 thank u so much for nice suggestion but this is already being followed..any other suggestion is most welcomed..

priyankabagga

priyankabagga (Querist)
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30 September 2012 thank u so much for nice suggestion but this is already being followed..any other suggestion is most welcomed..