Let out commercial property on rent.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2012
Sir,
I have given my commercial property on rent to 4 different concerns for Rs.17 Lacs p.a.
I am receiving service tax on the rent from 2 tenants and other 2 tenant are not paying service tax to me.
Can anybody guide me how to pay the service tax. can I am entitle to take input credit.
sanjay s
I have given my commercial property on rent to 4 different concerns for Rs.17 Lacs p.a.
I am receiving service tax on the rent from 2 tenants and other 2 tenant are not paying service tax to me.
Can anybody guide me how to pay the service tax. can I am entitle to take input credit.
sanjay s
Amol S Joglekar
(Expert)
18 December 2012
01. You need to bear the service tax of those two tenants, from whom you are not able to collect.
02. You can very claim input credit.
02. You can very claim input credit.
CA CS Amit S. Kedia
(Expert)
18 December 2012
First of all, no cenvat credit is available against payment of service tax on renting of immovable property.
If the 2 persons are not paying service tax then the amount payable by them will be grossed up and service tax will be determined and paid by you
If the 2 persons are not paying service tax then the amount payable by them will be grossed up and service tax will be determined and paid by you
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