Rent and Service tax

02 July 2007

Please let me know whether seraavice tax has to be worked out on Gross rent or on rent after Municipal taxes if any paid by the Land lord

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3 Replies

Raj (CA) (514 Points)
Replied 02 July 2007

as per notification 24/2007 , rebate on property tax paid ia available it construes that munipal tax does not come under this.

CA Ravish Trivedi (The Possibilities are Infinite...) (772 Points)
Replied 27 September 2008

Service tax shall be worked out on Basic rent only.

OFFICESELVA (Service) (515 Points)
Replied 29 September 2008

Property taxes paid which are attributable to the month for which service tax is being collected can be deducted.

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