Service tax
This query is : Resolved
02 June 2015
Hi,
Ours is a private limited company
we have given our premises on rental and paying service tax on rental income.
we have other property also which is idle and to protect we have hire security service and security service provider is proprietary firm.
now my question
from 1-4-15 do we have to pay full service tax (i.e.12.36%) under reverse charges on security service hire by us and from 1-6-15 it will be 14% ?
secondly if it is yes for above then shall i claim service Tax paid on security service as input service tax credit for paying service tax on rental income or not ?
can i pay net of both or shall i have to pay service tax on security service first and after deducting that balance will be payable on rental income separately.
Thanks
JAYESH
Ours is a private limited company
we have given our premises on rental and paying service tax on rental income.
we have other property also which is idle and to protect we have hire security service and security service provider is proprietary firm.
now my question
from 1-4-15 do we have to pay full service tax (i.e.12.36%) under reverse charges on security service hire by us and from 1-6-15 it will be 14% ?
secondly if it is yes for above then shall i claim service Tax paid on security service as input service tax credit for paying service tax on rental income or not ?
can i pay net of both or shall i have to pay service tax on security service first and after deducting that balance will be payable on rental income separately.
Thanks
JAYESH
02 June 2015
1 Yes full service tax has to be paid and from 01-06-15 it will be 14%.
2 No input tax can be claimed on idle building for which no service tax paid.
3 Net of both can't be paid.
2 No input tax can be claimed on idle building for which no service tax paid.
3 Net of both can't be paid.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Depreciation of fixed assets- coop housing society in mumbai
- Eway bill generation from place other than registeted
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- DIN reactivation
- Condonation . E-Verification of last year return .
- GST rate and HSN code for sale of racing horses
- Management System (IMS)
- TDS Return Q1 FY 2026-27
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
