Namaste,
I am registered for service tax for renting of immovable properties. I have 2 tenants in my commercial building. Both have stopped paying Service Tax. Our CA’s advice was that I pay from my pocket to avoid interests, penalties and claim later. Since April 09-0ct 09 I have paid from my pocket anticipating that the total rent would cross 10 lacs. However, in Sept. 09 one tenant vacated and the total rental income did not cross 10 lacs.
1. Should I file a NIL half yearly ST3?
2. Do I come under exemption category for 2009-2010?
3. Since service tax on immovable property was retrospectively amended. Should I collect service tax from my new tenant and old tenant from April 2010? Because the rental income will cross 10 lacs if I have a new tenant.
Thanks in advance for all your help.
CAclubindia
