Service tax on student accomodation

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kamlesh (Querist)
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08 July 2015 Wanted to know that if I am taking residential property on rent and yearly rent is more then 10 lac.. So do I need to pay service tax? If the same property if I sub lease to college students for residential purpose for one year and I am charging rent less then 1000 per day then do I need to charge service tax from them? Please let me know ... Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 July 2015 You need to pay service tax on the property taken on rent being used for commercial purpose(running a hostel). If you charge less than 1000 per day per room no service tax charge from them, it is exempted.

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