Service tax applicablity

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JOB
256 Points Posted on 11 July 2012

Hello Friends

My client is Individual providing taxable services to their clients having turnover above 10 lakh and collecting & filing service tax return. This year he gave his immoveable property on rent .

My Qustion is could service tax be applicable on immoveable property also????????????????? apart from renting professional services.

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On 11 July 2012 at 10:43 Report
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Corporate Taxation
316 Points Posted on 11 July 2012

yes  service tax be applicable on immoveable property given on rent , he need to add one more service category  on his ST  Certificate

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On 11 July 2012 at 10:57
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Taxation Manager
797 Points Posted on 11 July 2012
Service tax is applicable when cumulatively the turnover of all taxable services exceeds Rs 10 lacs. Also there is no need to amend your registration as from 01-7-2012, there is no requirement of including specific services into your Reg Certificate of ST.
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On 11 July 2012 at 11:20
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senior associate
146 Points Posted on 11 July 2012
You also need to check whether your renting of immovable property doesnot falls in the negative list.
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On 11 July 2012 at 11:28
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Taxation Manager
797 Points Posted on 11 July 2012
Yes I agree with Sawan Kumar
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On 11 July 2012 at 11:38

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