Service tax for recipient and provider also

Queries 526 views 3 replies

Dear Experts,

Presently we are having a ST2 on GTA as a recipient, now we want to give some area our admin building for Rent which is in state capital, (rent 10k PM  only).

let me clarify the following doubts;

1) We want to take "Renting of Immovable Property service" or we comes under exempted ? (10K*12=120000)?

2) How to calculate exemption amount ? inclusive of recepient amount or only provider amount? 

3) if we want to take separate Registration ?

 

Replies (3)

Dear Satya,

For calculation exemption limit, reverse charge should not be included. If you are providing only that service, i think you will be exempted from service tax. 

Dear Saikiran,

Thanks for your reply.

I am also thinking like that, but having little bit doubt!

Payment under rever mechanism is input service tax and collecting service tax for providing servce is ouput service tax. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register