Accounting of malls - statutory tips

Dear friends,

I wish to know the routine statutory requirements to be complied with by the shopping malls (Income tax/service tax/VAT etc.)

The income is assessible under the head house property - right ?

But, is it to be done on accrual basis ? because there may be a considerable amount left unrealised at even though the tenant occuppied the room).

From the year 2012-13, service tax is applicable to Rent also  @ 12.36% ?

please share your knowledge..

Thanks in advance...

vinodaca74 @ gmail.com