Property tax and service tax thereon.
This query is : Resolved
03 May 2016
Municipal corporation has charged property tax on commercial property and the same has been paid by owner of the property. Further this expense has been passed to tenant. Now my query is, does it come under the definition of service? if yes under which category?
04 May 2016
Consider this as part of rent and reduce this amount from gross rent while making service tax payment.
Property Tax is an allowable deduction for service tax calculation.
Property Tax is an allowable deduction for service tax calculation.
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