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Service Tax on Immovable Property

SAURABH MONGIA (STUDENT) (85 Points)

28 September 2007

But the Service Tax Act does not states whether it is for each assessee it states only for the Immovable Property. It also states that the Threshhold limit is for each assessee.l How do we interpret the act

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7 Replies

CA.Saibaburao Nanduri (Chartered Accountant) (3847 Points)
Replied 28 September 2007

There is no seperate service tax act ! Threshold limit is Rs. 8 lakhs.

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Ravikumar.G (Consultant) (18525 Points)
Replied 28 September 2007

Rendering Service is important whether it is pertaining to movable or immovable property i.e immaterial. If the assessee comes under prescribed serives, he will be liable to collect and pay the service tax.

(Guest)

my income is above 8lkhs, our tenants say that there is a provision for the first year that will save us from service tax on rent is there any ,and should the tenants deduct tds on service tax and pay the service tax to the land lord.

(Guest)

is there any exemption limit on which the service tax is exempted for every year on rent. how is it possible to get service tax from tenant if the tenant refuses to give service tax at any cost.

(Guest)

is there any exemption limit on which the service tax is exempted for every year on rent. how is it possible to get service tax from tenant if the tenant refuses to pay service tax at any cost.