Tax laibity

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Dinesh Gupta (Querist)
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21 September 2013 have a nice day, My Client on Agrement Received on Rent a Marriage home Place with serive tax, can client laibilty pay service tax. if yes, so how can calucate this (paid serive tax-received tax=Payment)

CA Suresh Jain

CA Suresh Jain (Expert)
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22 September 2013 Your client need to charge service tax @12.36% on the amount of rent.

Your client can take CENVAT credit of the service tax charged to him by other service providers and service tax paid by your client under RCM (for more detail refer CENVAT Rules) if the serrices received are used for providing the out put service (in this case renting the marriage place)

After adjusting the CENVAT credit your client need to pay the balance

disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case

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