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Service tax implications - renting of immoveable property

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 December 2014 Dear sir,

I have two commercial properties that I have rented out each bearing me Rs. 50,000/- per month as rent. If treated in isolation, neither are under the ambit of service tax. However, when clubbed together my annual proceeds exceed the threshold limit of Rs. 10 lacs p.a. for charging of service tax. Both the properties are in my name only.

Am I liable to charge service tax from the tenant? Is service tax implication computed assesseewise or propertywise?

16 December 2014 Service tax implication is computed assessee wise. You are liable to charge service tax from the tenant.


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