Applicability of service tax on building rent

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

02 April 2015 Dear sir
i am getting 160000 pm rent. do i need to register in service tax and charged ST.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

02 April 2015 If it is a commercial property (not a residential property) service tax payable. For the first year register when the rent receipts exceed 9 lacs and pay service tax when it exceeds 10 lacs for the amount exceeding 10lacs. Collect service tax along with rent.
From next year on wards service tax payable on full amount.

Querist : Anonymous

Querist : Anonymous (Querist)

02 April 2015 sir no service tax is applicable on residential property. is this correct.