Very urgent query for service tax on immovable property
This query is : Resolved
06 October 2015
GOOD MORNING EXPERTSS,
THIS QUERY VERY URGENT FOR ME. OUR HEAD OFFICE IS SITUATED IN RENTED PLACE. WHICH RENT PER MONTH CHARGE BY OWNER IS 1 LAKH. MY QUERY ONLY THAT WHO WILL PAY SERVICE TAX ON IMMOVABLE PROPERTY.
I READ IN TAX GURU WEBSITE THAT
Renting of hotels, inns, guest houses,
clubs, campsites or other commercial
places meant for residential or lodging
purposes. THEN TAXABLE PORTION IS 60% AFTER TAKE 40% ABATEMENT.
PLEASE TELL ME THAT WHO WILL PAY THIS 60 % SERVIE TAX
THIS QUERY VERY URGENT FOR ME. OUR HEAD OFFICE IS SITUATED IN RENTED PLACE. WHICH RENT PER MONTH CHARGE BY OWNER IS 1 LAKH. MY QUERY ONLY THAT WHO WILL PAY SERVICE TAX ON IMMOVABLE PROPERTY.
I READ IN TAX GURU WEBSITE THAT
Renting of hotels, inns, guest houses,
clubs, campsites or other commercial
places meant for residential or lodging
purposes. THEN TAXABLE PORTION IS 60% AFTER TAKE 40% ABATEMENT.
PLEASE TELL ME THAT WHO WILL PAY THIS 60 % SERVIE TAX
06 October 2015
This abatement is for those premises which are meant for 'residential purposes'.
In your case landlord with charge and pay ST
In your case landlord with charge and pay ST
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06 October 2015
THANKS FOR YOUR VALUABLE REPLY SIR,
IT MEANS THAT 60 % SERVICE TAX WILL PAY BY LANDLORD
IT MEANS THAT 60 % SERVICE TAX WILL PAY BY LANDLORD
06 October 2015
Service tax is payable on 100% value as it is not meant for residential or lodging. The owner of the property is liable to pay service tax.
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06 October 2015
BUT SIR WHICH CONDITION WE LANDLORD WILL PAY 60% SERVIC ETAX
THANKS SIR
THANKS SIR
06 October 2015
Renting of hotels and guest houses.
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06 October 2015
RENTING OF HOTELS AND GUEST HOUSE FOR COMMERCIAL PURPOSE ALSO.
06 October 2015
Yes, if it is for lodging.
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06 October 2015
MEANS SIR LAND LORD WILL PAY 14% SERVICE TAX. ON RENT 1 LAKH.
SIR CAN WE TAKE CENVAT CREDIT OF SERVICE TAX PAID AT THE TIME OF EXCISE PAYMENT
SIR CAN WE TAKE CENVAT CREDIT OF SERVICE TAX PAID AT THE TIME OF EXCISE PAYMENT
06 October 2015
Correct..............
06 October 2015
SIR CAN WE TAKE CENVAT CREDIT OF SERVICE TAX AT THE TIME OF EXCISE PAYMENT
06 October 2015
eligible if in relation to manufacture of taxable goods/ services and all services under the inclusive list.
14 October 2015
sie we deposited service tax on rent a cab @ 40%. then sir at the time of filling service tax return. in rent a cab sheet in st3 return. there are 3 option show for service receiver. 100%,40% 50%. but we deposited service tax 40% on invoice value. then sir which percentage we will select .
14 October 2015
Select 40% which you have paid.
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14 October 2015
SIR WE RECEIVED A BILL OF HIRING/RENT CHARGES OF MACHINE. MACHINE IS RELATED WITH OUR PRODUCTION. IN RENT BILL SERVICE TAX ALSO INCLUDE. SIR CAN WE TAKE CENVAT CREDIT OF THIS AT THE TIME OF EXCISE PAYMENT.
14 October 2015
Yes cenvat credit can be taken at the time of excise payment.
27 October 2015
sir plaz reply this query abt. dep relative query thanks
Read more at:
https://www.caclubindia.com/experts/how-to-calculate-depriciation-on-capital-goods-2204919.asp
Read more at:
https://www.caclubindia.com/experts/how-to-calculate-depriciation-on-capital-goods-2204919.asp
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