Service tax on renting of immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2012
Sir,
I am on verge of landing my commercial property on rental basis & the same would be for commercial use.
I have heard that presently there is a stay on collection of service tax on rent. Could you guide me that should I levy the said tax on the assesse. If not & in future the verdict is in favor of centre, In this event what is to be done.
I am on verge of landing my commercial property on rental basis & the same would be for commercial use.
I have heard that presently there is a stay on collection of service tax on rent. Could you guide me that should I levy the said tax on the assesse. If not & in future the verdict is in favor of centre, In this event what is to be done.
02 March 2012
Service tax is to be levied only if your gross receipts exceed Rs. 10 lakhs.
08 April 2012
No there is no stay on ST collection. If your TO as mentioned exceeds then you are liable to collect and pay it
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
