Service tax on commercial rent
This query is : Resolved
14 July 2011
Is there a service tax on commercial RENT
where the assess has other non-serviceable income; but the rent receipt is less than Rs.8 lacs.
Is it necessary that service tax payable the asseeeee..!!
where the assess has other non-serviceable income; but the rent receipt is less than Rs.8 lacs.
Is it necessary that service tax payable the asseeeee..!!
14 July 2011
for consideration of eligibility of 10L all services including rent is to be taken in account and if exceeding 10L service tax is applicable on all services over 10L
15 July 2011
Thank u sir ji..
But the other income is from manufacturing and trading activities; where service tax not applicable.
The rental income comes under service tax category which is less than 10 lacs; but other income where turnover is over 40 lacs.
But the other income is from manufacturing and trading activities; where service tax not applicable.
The rental income comes under service tax category which is less than 10 lacs; but other income where turnover is over 40 lacs.
15 July 2011
service tax deals with services only, if no other services provided then exemption upto 10 lacs is available to the assessee.
15 July 2011
Claiming Basic threshold exemption Rs.10. aggregate value of taxable services shall not exceed Rs.10 lakhs. so only taxable services need to be considered.hence your case is you can take exemption
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
