Service tax on commercial rent

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This query is : Resolved

visu iyer (Querist)

14 July 2011 Is there a service tax on commercial RENT
where the assess has other non-serviceable income; but the rent receipt is less than Rs.8 lacs.

Is it necessary that service tax payable the asseeeee..!!

U S Sharma

U S Sharma (Expert)

14 July 2011 for consideration of eligibility of 10L all services including rent is to be taken in account and if exceeding 10L service tax is applicable on all services over 10L

visu iyer

visu iyer (Querist)

15 July 2011 Thank u sir ji..
But the other income is from manufacturing and trading activities; where service tax not applicable.
The rental income comes under service tax category which is less than 10 lacs; but other income where turnover is over 40 lacs.

U S Sharma

U S Sharma (Expert)

15 July 2011 service tax deals with services only, if no other services provided then exemption upto 10 lacs is available to the assessee.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

15 July 2011 Claiming Basic threshold exemption Rs.10. aggregate value of taxable services shall not exceed Rs.10 lakhs. so only taxable services need to be considered.hence your case is you can take exemption

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