30 September 2013
Total Rent from Commercial Property From 1st July 2013 to 31st March 2014 @ 105000 per month = Rs. 945000.00 House Tax per month Rs. 1000.00
Total Rent from Commercial Property From 1st April 2014 to 31st March 2015 @ 105000 per month = Rs. 1260000 House Tax per month Rs. 1000.00
When should we apply for service tax and will we get Rs. 10 lakh service tax exemption both the year.
30 September 2013
you should apply for registration this year as limit of registration is Rs.900000 which would be crossed. From the next year you should start paying service tax.
30 September 2013
Rs 10 lakh rebate for service tax will be available only this year or next year also. Please specify from which month onwards we have to charge service tax from the tenant.