Service tax on renting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2015
renting of a hotel, inn, guest house, club, campsite or other commercial places meant for residential or lodging purposes, having declared tariff of a unit of accommodation below rupees one thousand per day or equivalent.
what is service tax liability on above service if more than 1000 at present?
what is service tax liability on above service if more than 1000 at present?
02 July 2015
No service tax payable if per day rent is below or equivalent of 1000.
If it is above 1000 service tax payable on 60% value(40% abatement).
If it is above 1000 service tax payable on 60% value(40% abatement).
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