Service tax on factory rent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2012 Dear friends

I have a query about service tax on factory rent. Our Co is paying factory rent of Rs. 61355. and Tds deduction is Rs. 6136/- (10%) Now the factory owner is asking us to pay service tax also. My question is, How much will be service tax on rent. Is it 12.36%.
Should I add service tax amount to rent while calculation TDS.
rent - 61,355
service tax 7,583
--------
68,938
less tds @10% 6136

Rent payable = 62802

Is my calculation correct? Please help

Guest

Guest (Expert)

04 May 2012 Yes, service tax is applicable @12.36%

You dont need to include service tax while calculating TDS

Message likes : 1 times

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