Service Tax on Rental Income
This query is : Resolved
S.Siju Gemin
(Querist)
13 March 2010
Dear Experts,
We are registered with Service tax under "Mangement, Maintenace or Repair Service" and we have a Annual turnover of Rs.50 Lakhs.
We have also rented a Appartment flat which is owned by our company for monthly rent of Rs.28665/-(Annual Rs.3.4 Lakhs)
My Questions are:-
1) Whether service tax is applicable on Rental income of letting flat
2)If yes, since when it is applicable
3)Under what head we should register with Service tax department
Kindly also note that we are not providing any additional service apart from letting the flat
We are registered with Service tax under "Mangement, Maintenace or Repair Service" and we have a Annual turnover of Rs.50 Lakhs.
We have also rented a Appartment flat which is owned by our company for monthly rent of Rs.28665/-(Annual Rs.3.4 Lakhs)
My Questions are:-
1) Whether service tax is applicable on Rental income of letting flat
2)If yes, since when it is applicable
3)Under what head we should register with Service tax department
Kindly also note that we are not providing any additional service apart from letting the flat
CA Gangadhar Mishra
(Expert)
13 March 2010
1) ST is applicable
2) since you are already covered in st net, as soon as you charge rent charge st also,
3) you need to intimate to your ST dept for the additional services you are providing, no additional ST no. required,
2) since you are already covered in st net, as soon as you charge rent charge st also,
3) you need to intimate to your ST dept for the additional services you are providing, no additional ST no. required,
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