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Service Tax on commercial Property

Service Tax (Legacy) 1259 views 4 replies
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Accounts
31 Points Posted on 01 November 2007

Dear All,

We have taken a commercial property on hire basis.  we are paying Rent of Rs.69000/-.  This property belongs to Husband and wife on 50:50 ratio

Now please let me know this property is under service tax net or not?

Ulaganathan

 

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On 01 November 2007 at 12:26 Report
Replies (4)
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Mgr - Commercial
142 Points Posted on 01 November 2007
No, its not under Service Tax preview, no need to pay service tax.
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On 01 November 2007 at 15:59
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Guest
460555 Points Posted on 03 November 2007
No. This is not comes under Service tax.
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On 03 November 2007 at 09:57
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Advocate
83 Points Posted on 05 November 2007
NO ITS DOES NOT FALL IN THE SCOPE OF SERVICE TAX
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On 05 November 2007 at 16:57
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Service
6158 Points Posted on 06 November 2007
Depends on the status of the landlord, ie. whether they have taxable turnover exceeding the exemption limit of 8L. It would be better if both the joint owners raise separate bills for rent. This will be helpful if the department raises disputes later on.
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On 06 November 2007 at 10:47


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