Service tax on lease rent property/building given on rent

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2017 Is Service Tax is applicable on Lease Rent Property/Building Given on Rent By PVt Ltd Company A to B.

A has given Construted Building on Lease to B. A has charge lease Rent to B. Is Service Tax is Applicable?
Is Service Tax needs to pay Under Renting of Immmovable Property Servies by A.
But A have not taken registraion of Service of Renting of Immmovable Property Servies in Registraion Certficate.
If A has to pay service tax on Renting of Immmovable Property Servies is need to Amend the Service Tax Registraion for paying service tax.

CA DHAVAL MISTRY

CA DHAVAL MISTRY (Expert)

13 March 2017 Service Tax is to be charged on renting or leasing of immovable property under the renting of immovable property. so, in your case, Service Tax has to be charged on the leasing of property by any service provider. Service provider has to collect service tax and deposit to the account of government on monthly basis in case of private limited company. Service Provider has to add the service under Service Tax Registration certificate by applying it within 30 days of service provider is liable to collect tax. However, Small Scale Exemption Limit is available to the service provider if the turnover of the taxable service does not exceed Rs. 10 Lacs in immediately preceding financial year. This exemption is available upto Rs. 10 Lacs. Above 10 Lacs service tax is to be charged.

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