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service tax on rent

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(Querist)
15 July 2011 If one assessee is recieving 1200000 pa rent and no service tax separately.Then wheather he has to pay service tax:1200000*10.3%=123600 or we should do reverse calculation 1200000/110.3*10.3=112058
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CA Navin Jain

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CA Navin Jain (Expert)
15 July 2011 in your case service tax liability is Rs. 112058

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