Applicability of service tax in case of rent
This query is : Resolved
CA Priyanka A Mundada
(Querist)
11 June 2015
office unit given on rent and receipts from rent exceeds rs 10 lacs
is there any exemption or attracts service tax liability
is there any exemption or attracts service tax liability
CA R SEETHARAMAN
(Expert)
11 June 2015
No exemption it attracts service tax. For the first year you are liable to pay service tax on amount exceeding 10lakhs. From next year it has to be paid on full amount.
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CA AnKiT BoHrA (AB)
(Expert)
11 June 2015
No exemption except in first year dear....
Except that you need to pay service tax
Except that you need to pay service tax
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