Service tax on immovable property rent----Urgent????????????
This query is : Resolved
05 March 2010
Hello Friends,
My Company has taken a building on lease in Mumbai and out of which we have sublet some portion. Kindly guide be about taxability of service tax on this mater.
Note:- We are already paying service tax on other services like Goods transport by road and business auxiliary services so we are not SSI under Service Tax Act.
Also note that we have not paid till now any service tax on Renting of Immovable Property Service.
-------------------------
My another question is that if service tax will be charge on the said subletting service than whether a limit of Rs. 10 Lacs is available for this service.
or
Limit of 10 lacs is available for all services.
Kindly guide me with any circular or relevant case law help.
Waiting for reply
My Company has taken a building on lease in Mumbai and out of which we have sublet some portion. Kindly guide be about taxability of service tax on this mater.
Note:- We are already paying service tax on other services like Goods transport by road and business auxiliary services so we are not SSI under Service Tax Act.
Also note that we have not paid till now any service tax on Renting of Immovable Property Service.
-------------------------
My another question is that if service tax will be charge on the said subletting service than whether a limit of Rs. 10 Lacs is available for this service.
or
Limit of 10 lacs is available for all services.
Kindly guide me with any circular or relevant case law help.
Waiting for reply
Kailash Joshi
(Expert)
05 March 2010
as per rececent budget we have to pay the service tax on rent retrospectively.
10 lacs limit is a aggregate of all services not for individual services...
10 lacs limit is a aggregate of all services not for individual services...
Ritesh Goyal
(Expert)
08 June 2010
agreed with Mr. Kailash.
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