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Service Tax on Premises given on rent

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(Querist)
24 January 2008 Is service tax chargeable on premises given on rent?
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R.V.RAO

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R.V.RAO (Expert)
24 January 2008 YES ON RENTING OF COMMERCIAL PROPERTY WITH EFFECT FROM 1 ST JUNE 2007 TAXED AT 12.36% .
THRESHOLD LIMIT FOR REGISTRATION BY SERVICE PROVIDER IS RS. SEVEN LAKHS AND TAXABLE ON ANNUAL RENTS OF RS. EIGHT LAKHS.
R.V.RAO
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