Urgent
This query is : Resolved
04 April 2012
I want to know what when a company which is trading in mobile its not some BIG service provider but thy received rent income which is more thn 10lakhs n that why thy are charging service tax on that.. i would like to know that can we get input tax credit frm services taxes paid on telephone bills , freight, professional bills???
04 April 2012
This is because they are providing a service of renting of immovable property. Since the aggregate amount of collection exceeds Rs. 10 lakhs, the service provider is liable to charge service tax.
The company CANNOT claim input service tax as the same has NOT Been used for providing the service of renting of immovable property.
The company CANNOT claim input service tax as the same has NOT Been used for providing the service of renting of immovable property.
04 April 2012
Renting of Immovable property is taxable service as per service tax law and there turnover exceed the service tax net hence they have to charge service tax.
Only inout credit of related services can be claimed
Only inout credit of related services can be claimed
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
