Dear All,
My company paid Rs.290000/- per month for 2011-12 regarding Residential accomodation for Employees to a vendor.
Their is nothing mentioned regarding payment of service tax.
From April 2012 onwards company have to pay Rs.330000/- per month to vendor, do we have to pay service tax from April only OR we have to pay service tax after paying Rs.10 lacs to vendor?
& What about the payment made in 2011-12 without service tax?
No. Service Tax will be levied if one person rented his own property to another person for residential purpose .Also you have to pay Service Tax only when Service provider charged it on his bill for providing respective service. So, your company do not need to pay Service Tax in this case only you must deduct TDS U/s 194I on your rental expenses paid to vendor.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
CAclubindia
