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
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.
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
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
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- ITR validation error - Balance sheet is not filled
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
