Service tax query for students accomodation
kamlesh (prop) (39 Points)
08 July 2015kamlesh (prop) (39 Points)
08 July 2015
Dhirender Gupta
(Partner)
(42 Points)
Replied 08 July 2015
AS PER NEGATIVE LIST , RESIDENTIAL HOUSE LETOUT FOR RESIDENTIAL PURPOSE IS EXEMPT FROM SERVICE TAX.
Shivani Mangla
(CA)
(170 Points)
Replied 08 July 2015
Hi Kamlesh,
Renting of residential property is not covered under Revere charge. So, you dont have to pay service tax.
And if you are giving that property to college students for residential purpose, then it will not be known as renting so it will not be covered under negative list. But, as the (declared tariff) rent is less than Rs. 1000/-, it will be covered under Mega Exemptions vide notification no. 25/2012.
I hope your doubt is resolved.
vishnu bhardwaj
(Tax Advocate)
(212 Points)
Replied 08 July 2015
dear sir,
If you are renting the residential property as per service tax it is include in negative list.
kamlesh
(prop)
(39 Points)
Replied 09 July 2015
Thanks for many reply. One more Question...
if i am reciving rent from college students more then 10 lacs and i am already paying service tax on my other bussiness (proprieter company) in that case do i need to pay service tax on rental income? can someone post any notification link from service tax department.. thanks for help..
kamlesh
(prop)
(39 Points)
Replied 04 January 2017
What type of agreement or invoice to be raise to students?
kamlesh
(prop)
(39 Points)
Replied 04 January 2017
Also I need this opinion in writing.. let me know the cost for the same.. thanks
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