Liability of paying service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 May 2014
WE have given some area on lease. The service tax amount is Rs. 44500/-per month. The lessee has not paid rent for last two months. I want to know that whether I will have to pay service tax in case of non receipt of rent.
01 May 2014
REMAINING PART CAN USE OWN PURPOSE NOT APPLICABLE S TAX
REMAINING PART ALREADY PERMISSION TO LEASE AND NON REALIZATION OF RENT CAN LIABILITY OF STAX
REMAINING PART ALREADY PERMISSION TO LEASE AND NON REALIZATION OF RENT CAN LIABILITY OF STAX
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2014
Sir I meant I did nor recive the rent, will I have to pay the service tax. It is possible that I get the rent after 2/3 months or it is also possible that there is some dispute and I donot get the rent at all. Please clarify.
03 May 2014
as per ur income tax returns rent received only 2/3 can u provision of remaining year rent receivable in ur balance sheet can liable to pay stax.
s tax also mercantile accounts system follow on wards 2011 so u can liable stax remaining period .
s tax also mercantile accounts system follow on wards 2011 so u can liable stax remaining period .
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