Comments on : Renting of Immovable Property Service

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Comments on Renting of Immovable Property Service - Developments and Issues

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Niraj Ladha

Wrote on 31 August 2012

if i havnt charge service tax on rent that i receive from the beginning i.e. since 2-3years. what should i do? please suggest

Dimple Gulati

Wrote on 13 July 2012

sir can a manufacturing company take credit of excise paid on raw material purchases from ST paid on rent received on immovable property?

CA HARESH JADAV

Wrote on 06 July 2012

sir, can we take credit on consultancy charges as you mentioned that other services as these is covered under such catagory.? and please share me the list on which i can take the cenvat credit ?

smriti

Wrote on 18 June 2012

sir please suggest hw to claim prop tax dedcution wen som portion of rented building is self occupied. and also the procedure to claim it ie how to claim in challan and returns n to whom to apply

Pls suggest: as mentioned service tax payable is calculated after deducting the amount of municipal taxes paid from the rent received, In the situation as below : The owner i raising rent bill on his client @ 51000/- plus service tax @12.3% per month (51000+6304) Further owner are paying KMC property Tax including property tax on rent @75000 per quarter. As per norms service tax payable is approx. 3214/- after deducting municipal taxes from rent. ( 51000-25000x12.36%) Since as the owner is receving 6304/- amount of service tax and he is depositing only 3214/- with the department, does the owner refund the excess amount back to the tenant or retain this amount.