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
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
07 January 2011
Yes. you are lible to pay service tax.on 50000/= after deducting exemption 10 lakh
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.
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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