Service tax rent property 2013

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2013 If an individual receives rent from his immovable property as Rs 6lacs/year and Rs 32/year totalling to Rs 38lacs/annum:-

1. Can he pay Service Tax separately for both the Rents received ??

2. Kindly tell me the Calculation for Service tax which needs to be paid for the same amount? Pls keep in mind that last year rent received was less than 10lakhs, so service tax was not applicable last year

3. Can we deduct Property Tax (municipal tax) as a deduction while calculating Service Tax?

thanks in advance

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 June 2013 1. No.

2. To pay ST on Rs. 28 lakhs ie., after claiming threshold limit per notification 33/2012-ST dated 20-6-2012.

3. Yes per notification 29/2012-ST dated 20-6-2012.