Regarding service tax on rent
This query is : Resolved
mulla hussain basha
(Querist)
22 November 2013
a firm which is trading in papers business the are paying service tax on transportation Charges under revers charge mechanism and the firm let out property and amount receiving less than 10,00,000.
as per the law the need to pay service tax on rent collected even though less then the basic exemption limit if the turnover of the firm more than 10,00,000(paper business)
as per the law the need to pay service tax on rent collected even though less then the basic exemption limit if the turnover of the firm more than 10,00,000(paper business)
Nikhil Kaushik
(Expert)
22 November 2013
i dont think turnover of paper business needs to be clubbed. the relevant turnover is the taxable services. If the services offered are less than 10 lakhs, you should be able to claim SSP exemption.
however, your liability under RCM shall continue to hold good.
however, your liability under RCM shall continue to hold good.
mulla hussain basha
(Querist)
22 November 2013
thank you sir
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