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
Menu
Service Tax on Immovable Property
Replies (7)
There is no seperate service tax act ! Threshold limit is Rs. 8 lakhs.
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.
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.
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.
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.
Is there any update on the injunction against ST on Rent of Commercial Building by Madras High Court. The case was posted for hearing on 22.10.07.
This particular service tax is attracted only in respect of immovable property. Further TDS amount it appears cannot be deducted.
Recent Topics :
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
Related Topics :
CAclubindia
