Please clarify few points regarding service tax on Rent of immovable property?
1.Service tax will paid on Actual rent or Rent Received? 2.Is there any abatement for Service Tax On Rent of immovable Property?If there is any abatement from which year onwards it was applicable? 3.From which year service tax On Rent is applicable?
19 December 2013
1. on actual value of rent, received or receivable(i.e, bill raised) whichever is earlier 2. renting of residential dwelling for residential use is not taxable. no abatement in rate of tax. 3. since 2007
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