Service tax on immovable property
This query is : Resolved
24 December 2013
Friends,
In calculation of service tax on immovable property service tax is calculated Gross rent (means Rent + Hire) or after added TDS amount (Means Rent + Hire + TDS )* 12.36% which process is right. Please clarify it.
In calculation of service tax on immovable property service tax is calculated Gross rent (means Rent + Hire) or after added TDS amount (Means Rent + Hire + TDS )* 12.36% which process is right. Please clarify it.
24 December 2013
Understand with the help of the following eg:
Rent 1,00,000
Add: Service Tax @ 12.36% 12,360
Total Invoice Value 1,12,360
TDS will be deducted by the tenant on Rs. 1 lakh only.
TDS = 1,00,000*10% = 10,000
Rent 1,00,000
Add: Service Tax @ 12.36% 12,360
Total Invoice Value 1,12,360
TDS will be deducted by the tenant on Rs. 1 lakh only.
TDS = 1,00,000*10% = 10,000
24 December 2013
sir,
Rent 1,00,000
Add TDS 10,000
Service tax 12.36% 13,596
Total Invoice value 1,03,596
This process is acceptable . please clarify it.
Rent 1,00,000
Add TDS 10,000
Service tax 12.36% 13,596
Total Invoice value 1,03,596
This process is acceptable . please clarify it.
24 December 2013
No this is not correct. TDS is not added while preparing the invoice.
The landlord takes only rent & service tax in the invocie.
TDS is deducted by the tenant on the rent amount.
The landlord takes only rent & service tax in the invocie.
TDS is deducted by the tenant on the rent amount.
24 December 2013
Thanku sir.
24 December 2013
You are welcome. You should use the thanks button to convey your thanks.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
