Shyam Lal Naik
(Service)
(6156 Points)
Replied 13 December 2007
shyam kishor porwal
(Chartered Accountant)
(183 Points)
Replied 15 December 2007
Vinaykottagal
(10 Points)
Replied 07 July 2008
Dear all,
Writs were filed across the country challenging the levy and the latest news is that all the writs filed with various high courts have been now transferred to supreme cout and the matter is yet to be heard.
warm regards
vinay
N.K.Bharath Kumar
(Chartered Accountant)
(60 Points)
Replied 18 July 2008
Hi Sagar,
You have received advance of rent during the period F.Y 2006-07. At that period, the service "Renting of Immovable Property" was not in existence. So, there is no possibility of taxing a service income for the period when the service was not all taxable and not in existance, even though you have received the income pertaining to F.Y 2007-08.
| Originally posted by :Vipul Bhesaniya | ||
| " | Please advise me whether the government has withdrawn the service tax on renting of immovable property or not. If service tax is to be levied on renting of immovable property then please give me the account codes for this to pay the service tax on this income. | " |
| Originally posted by :Guest | ||
| " | Originally posted by :Vipul Bhesaniya " Please advise me whether the government has withdrawn the service tax on renting of immovable property or not. If service tax is to be levied on renting of immovable property then please give me the account codes for this to pay the service tax on this income. " code: 00440406 |
" |
Chandra Sekhar P
(G.M. Finance & Accounts)
(116 Points)
Replied 07 August 2008
| Originally posted by :Guest | ||
| " |
Whether exemption of Rs. 10,00,000/- is qua service provider or Property. e.g. If a Owner has 2 properties one is let out for Rs. 1,50,000/- per month and another is let out for Rs. 7,000/- a month. In this case should he charge the Service tax on Rental Income of Rs. 7,000/-?? Exemption to small scale providers under notification no. 6/2005 dt 01.03.05 as amended from time to time, exempts Rs.10,00,000/- (wef 01.04.08) per provider. This exemption is not per property
|
" |
Harshada Kulkarni
(Articleship)
(20 Points)
Replied 10 October 2008
| Originally posted by :Shyam Lal Naik | ||
| " | Not yet withdrawn. Accounting Code = 00440406 |
" |
how can i find code for the service- 'Renting of immovable property service' on the site of central excise & service tax department
Shyam Lal Naik
(Service)
(6156 Points)
Replied 16 October 2008
Dear Mr. Jain,
You can take small scale exemption, if eligible, upto Rs. Lakhs. If your taxable receipts, whether from renting service or otherwise, has exceeded the threshold limit during the previous year or exceeds the limit during the current year, you will be liable to Service Tax.
As pointed out in earlier replies, the levy of service tax on renting of immovable property for commercial use has been challanged and is under sub-judice with the Hon'ble Supreme Court. The apex court's rulings can answer the validity of the tax.
| Originally posted by :Shyam Lal Naik | ||
| " | Not yet withdrawn. Accounting Code = 00440406 |
" |
pl guide me ,and give me a accounting code of service tax of renting of immovable property
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