13 October 2010
hi everbody whats up hope so al grt god bless u
Thanks for sharing knowledge
dosto i have confusion regarding on service tax issue
FACT is that you must be aware in 2007 there is judgement comes on taxability of service i.e renting of immovable property which is used by further for commercial issue where it is held that such service not taxable.
upon this judgement many tenant does not pay the service tax amount its obvious but now what happened an amedment comes by budget 2010 on the same issue retrospectively accordingly such service now taxable.
upon this all tenants now have been paying previous service tax amount.
so now question arises ,
1. how this accounted this year as earlier not shows service tax receivable. 2. how this be shown in service tax return for current year as earlier its shown that no gross amount of rent recd not shown as taxable service provided,
kindly give your opinion on it with quoted relevent provision of service tax act or reasonable logic.
Thanking you
hastey raho swasth reho ap sab ye hi dua har waqt kuhda se.
13 October 2010
1.Since additional bill amount for service tax amount will be paid by the tenants , accounting for service tax recivable should be in current year.
It will be taken in current year service tax return.
13 October 2010
Thanks for your kind attention sir , Its not the additional service tax amount paid by tenant ,its a service tax on rent receipt of previous year wihich is not paid earlier due to judgement
13 October 2010
Sorry it is Sheet Service tax Paid in that colum b. You download the service tax return template from site.. there u will find the same.... apart from the current year payment.. there is a sepearte option where we can enter arrears paid, other amount paid.. You can enter the service tax amount
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