Service tax on rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2011
For Which amount of rent, service tax is applicable. ie., rent minus property tax or only rent is considered for service tax applicability.
04 August 2011
Gross amount receipt as rent is subject to service tax.
05 August 2011
Yes ,charge service Tax on gross value & Pay
05 August 2011
The value of taxable service shall be the gross amount charged for renting of such immovable premises less amount of property tax paid to local authorities on such property.
05 August 2011
I agree with the experts provided your yearly rent is more than 10 Lacs
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