Service tax on rent
This query is : Resolved
10 September 2012
Dear Sir,
We are Pvt Ltd Co. We have given a flat on Rent for residential purpose, is service tax is applicable on this rent if yes than how much. Sir I have read that rent of residential is exempted from service tax, please guide me
We are Pvt Ltd Co. We have given a flat on Rent for residential purpose, is service tax is applicable on this rent if yes than how much. Sir I have read that rent of residential is exempted from service tax, please guide me
10 September 2012
Service Tax is Applicable if Your Services Exceed 10 Lacs in a Year.on commercial rent
@12.36%.
@12.36%.
10 September 2012
Yes, Service tax is exempt on renting of residential unit. No service tax applicable even if turnover exceeds Rs. 10 Lacs
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