14% or 14.5%
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 April 2016
1) A client pays service tax under the head Renting of Immovable Property.
The rent for November is made due on 01.11.2015. The payment is received for the same in parts i.e. 1.11.2015 to 16.11.2015 is received once and the other half 17.11.2015 to 30.11.2015 is received in part.
My question is should the client pay service tax at 14% or 14.5% ?
Can this service be classified partly and tax paid on 14% and 14.5% for 14 days and 16 days respectively.
If the client is an HUF ?
The rent for November is made due on 01.11.2015. The payment is received for the same in parts i.e. 1.11.2015 to 16.11.2015 is received once and the other half 17.11.2015 to 30.11.2015 is received in part.
My question is should the client pay service tax at 14% or 14.5% ?
Can this service be classified partly and tax paid on 14% and 14.5% for 14 days and 16 days respectively.
If the client is an HUF ?
20 April 2016
rent falls due on 01/11/2015. So if your client is company, the provision as on 01/11/2015 will prevail.
20 April 2016
Invoice can't be issued on 1-11-2015 without providing service or receiving money against service. Pl see rule 4A of Service tax Rules,1994.
Therefore, the query is infructuous.
Therefore, the query is infructuous.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Eway bill generation from place other than registeted
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- GST rate and HSN code for sale of racing horses
- DIN reactivation
- Condonation . E-Verification of last year return .
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
