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Calculation of service tax on rent

Queries 1728 views 2 replies

Dear All,

Please let me know how someone should calculate the service tax amount on Rent. Is it on entire amount received as Rent including property tax or less property tax applicable.

In other words will there be any Service Tax on the amount collected / paid as Property Taxes including surcharge etc.......

Thanks.

Debesh Mukherjee from Kolkata.

 

 

Replies (2)

Muncipal tax paid is allowed as dedcution on payment basis. If muncipal tax has been paid then service tax is to be charged on Rent -Municpal taxes paid.

Agreed with Mr. Nirav


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