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Service tax on Immovable property

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(Querist)
06 August 2008 Hi,
If the owner of the property receives excess service tax from his tenant what is the treatment to be done with that excess Service Tax amount
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
07 August 2008 Please explain with facts and figures how this could happen.
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Atif

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Atif (Querist)
07 August 2008 Service Tax on Rent is to be charged after deducting Muncilpal Taxes. Say Rent is Rs.100000 Pm and M.Tax is 5000pm. I charge Service Tax on 95000 i.e11742.
Where as the tenant has no idea about the muncipal taxes what i hv paid so he pays S.Tax on the entire amount of Rs.100000 i.e 12360.
The excess of Service Tax receivee is (12360-11742) 618. What is the treatement to be done with this amount.
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