Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2014 If the owner of the property is Mr. A and Mr. B having share 50% both. Now they are receiving rent for Rs. 12lacs i.e. Rs 6 lacs by Mr. A and Rs. 6Lacs by Mr.B. They are raising their own bills of Rs. 6Lacs. So Please tell is there is a requirement of charging Service tax.

Rupesh Jain

Rupesh Jain (Expert)
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09 April 2014 if property is commercial then
they have to pay service tax on rent amount .

due to amount is approx. Rs, 72 lcas per year.
limit is rs. 10 lacs

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