CAN SERVICE TAX IMPOSED ON ENTIRE RENT AMOUNT
This query is : Resolved
Nitesh Mishra
(Querist)
15 September 2010
Dear Sir,
During my Internal Audit course, It is observed that Service Tax charged @ 10.3% on entire rent amount for commercial property. But as per my knowledge "Rent" not cover under Service Tax Category. Now I am confuse, Please guide for Service Tax charged on entire amount, whether it is correct or not.
Regards
Nitesh Mishra
09325001617
During my Internal Audit course, It is observed that Service Tax charged @ 10.3% on entire rent amount for commercial property. But as per my knowledge "Rent" not cover under Service Tax Category. Now I am confuse, Please guide for Service Tax charged on entire amount, whether it is correct or not.
Regards
Nitesh Mishra
09325001617
CMA Ramesh Krishnan
(Expert)
19 September 2010
Renting is covered under Service tax please refer the section 65(105)(zzzz) of the Finance Act
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