Service tax on rent
This query is : Resolved
Dinesh Sharma
(Querist)
08 June 2012
What limit on Rent Amount received for Service tax liability
Dinesh Sharma
(Querist)
09 June 2012
and if a Service provider co. Provide service Rs. 1500000 in a year 2011-12 and received Rent as a service Rs. 100000 than what will liability on Rent???????
rajula gurva reddy
(Expert)
09 June 2012
If the rent received excluding the taxes is more than Rs. 10 Lakhs Service Tax is required to pay. If the rent received is more than Rs. 10 lakhs in the previous financial year, then no exemption is available and Service tax is liable to pay from the first rupee in the following financial year from April on wards.
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