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Service tax clarification on notification no: 29/2012

shaik althaf (TAX PAYER) (25 Points)

09 July 2012

Dear Sir,

Request you to go through Service Tax Notification No: 29/2012 and clarify the following points.

1. What exactly the impact of this Notification.

2. We have certain properties which we have given on rentals and we have been receiving rents along with Service Tax. Whatever Service Tax that we are collecting the same is been remitted back to the Government without claiming any benefit or exemption on Property Tax which we pay on these properties. We are of the opinion that we are eligible to get benefits in view of the present Notification.

Kindly enlighten us in the matter .

Thanks

Althaf

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2 Replies

Ajit kumar Dubey (Taxation Manager) (637 Points)
Replied 09 July 2012

Benefit of exemption of property tax paid is still available on the amount of rent to be paid. Also in the said notification the amount of credit to be adjusted on account of property tax paid has been highlighted and re-framed. You can avail the benefit of property tax paid no issues.

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