I Want to ask about service tax provsion for renting of flat???? and to whom it will aplly or it will aplly to reciever or to provider...
Bharat N Jaisinghani (s) (26 Points)
19 April 2014I Want to ask about service tax provsion for renting of flat???? and to whom it will aplly or it will aplly to reciever or to provider...
DINESH
(VKC)
(41 Points)
Replied 22 April 2014
if it is a recidential dwelling unit no service tax liability would arise , if not 12.36% of (rent received-taxes paid to local authorities in regard to the property) is liable to pay service tax.
THE SERVICE RECEIVER HAS TO PAY THE TAX TO THE SERVICE PROVIDER AND PROVIDER IS REQUIRED TO DEPOSIT THE AMOUNT WITH CENTRAL GOVT.
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