Service tax in rental income

This query is : Resolved

MANOJ KUMAR SHARMA (Querist)
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07 December 2012 nagar palika is registered as a service provider in service tax department in terms of renting the immovable property and sale of space for advertisement the total receipt from this is less then 10 lakhs limit then what is the liability of service tax we have nor charged any service tax from our receipeint.

@VaibhavJ

@VaibhavJ (Expert)
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07 December 2012 Hi

Till you doesnt exceed 10 lacs limit no need to charge ST to your cutomers, once it crosses 10L you have to charge ST in currnt year & next year from the begining of the finacial year.

If current year value of services is les then 10 L then in next year aslo no need to charge ST.

Thanks//Vaibhav
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MANOJ KUMAR SHARMA

MANOJ KUMAR SHARMA (Querist)
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07 December 2012 THANX VAIBHAV G

@VaibhavJ

@VaibhavJ (Expert)
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07 December 2012 Thanks for acknowledgement.

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