service tax applicable ?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2011 Hello All,

i am having a consultancy firm with service income of Rs 9 lakh p.a , i am also getting commercial rent given at my house of Rs. 1.5 lakh p.a,

Question - will i be liable to collect & pay service tax as the total crosess Rs 10 lakh ?

thanks

Ram Avtar Singh

Ram Avtar Singh (Expert)
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07 January 2011 Yes. you are lible to pay service tax.on 50000/= after deducting exemption 10 lakh

Shyam Lal Naik

Shyam Lal Naik (Expert)
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07 January 2011 Presuming that the consultancy is a taxable service, you are liable to Service Tax.

Commercial rent is an taxable service after rhe amendment of the definition vide Finance Act, 2010 and as upheld by the P & H High Court.

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