Municipal Tax
This query is : Resolved
20 November 2008
can we deduct Municipal Tax for calculation of service tax from rent received if Municipal Tax & Propriety tax same thing, depends upon the Jurisdiction, whether covered by corporation, municipality or local panchayat etc?
20 November 2008
You can.Municipal tax proportionate to the period for which service tax is paid shall be calculated.
20 November 2008
If any amount such as interest, penalty is paid to the local authority by the service tax provider on delayed payment or for any other reason such payments shall not be treated as property tax for the purpose of deduction from the gross amount charged.
20 November 2008
The whole amount charged against the services received is your cost of service and service tax is payable on the gross amount.
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