07 November 2012
One of my client established some plant and machinery under a pvt ltd company. After this my client rent out all the plant and machinery with land. Monthly rent agreed for Rs. 5.00 lac. Please guide me what is the liabilities under service tax act. [Registration and payment of service tax.] Thanking You. Regards Mukesh Khnadelwal Discovery Poonia Complex, Chirawa 9828242065
You are liable to register as soon as your turnover exceeds 9 lac. So, it is advised to register ASAP You are liable to charge service tax from rent of 3rd month. i.e. after exemption of Rs. 10 lac. In case ur client is Proprietor or partnership firm, pay tax Quaterly by 5th of next month, otherwise pay monthly by 5th of next month
CAclubindia
