Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2012 We are paying rent to X person, we are using this property for Commercial purpose, we are paying rent Rs.92449/- P.M. (Yearly Rs.11,09,388/-).

X person (Land Lord) is taken Service Tax Registration on 05.11.2012, now he is asking Service Tax on rent from Apr'12.(Land Lord given letter (09.11.2012) for Service Tax from Apr'12 )

Shall we pay the service tax from Apr'12 or Shall we pay the service tax on Rent from Nov'12 (As Land Lord register service tax from 05.11.2012), Pls advice me sir at the aerliest.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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19 November 2012 First of all, the landlord will get exemption of Rs. 10 lakhs in the first year. The ST will be charged after Rs. 10 lakhs only.i.e in the first year he will charge service tax on Rs. 109388 only.

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