Rent_service tax

Save Share

This query is : Resolved

Varun Gupta (Querist)

25 October 2012 I'm an HUF and receiving rent on two commercial properties say A & B. The consolidated annual rent exceeds Rs.10 lacs. I want to get myself registered under Service Tax Rules. Following are my queries:
1. Do I have to take one centralised registration for both the premises?
2. How do I adjust property tax paid on rent received by me out of service tax liability?
3. What are the documents to be submitted for registration?
4. Can I give my residential address for registration?
5. Do I have to give the name of my HUF as appearing in the PAN Card or I can give my individual name for registration?
6. Can I get CENVAT Credit of Service Tax paid by me on Services received towards rental income like Telephone, Legal Fees, Maintenance of Building?

Amol S Joglekar

Amol S Joglekar (Expert)

25 October 2012 01. HUF is a separate ENTITY than individual. 02. The service tax is payable on the NET of municipal taxes amount. 03. Give the address of HUF (as is given for HUF PAN) for service tax registration. 04. HUF can very claim the CENVAT credit for whatever service tax paid by the HUF (and not by individual)05. Leave the choice of centralised registration to the service tax officer. Let him decide whether it is ST1 or ST2

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now