Service Tax on Rent

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S.Siju Gemin (Querist)
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17 May 2010 Dear Experts,

We are already registered with Service tax under maintenance & repair.

We have also rented two premises for Rs.20000/-pm and Rs.30000/-pm each.

Whether we have to charge service tax to our tenants? If yes, under what head should we register?

-Siju

Shyam Lal Naik

Shyam Lal Naik (Expert)
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17 May 2010 As per the changes brought in Finance Act'2010, you need to charge Service Tax. The category is "Renting of immpvable property Service".

It is advisable to deposit the tax under protest, since, the jurisdiction of the Central Government to levy the tax is likely to be challanged sooner or later.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 May 2010 you need to amend and include the New service of Rentin of immovable property as additional service

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