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Service tax payable on rent above 10lakh

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kiran

24 Points Posted on 11 July 2011

Hi All,

I am new to this forum. I could not find any similar tread so started a new tread.

I am running resort and i am paying a rent of 157500Rs/monthly since dec 2010.

1. So from Dec 2010 to Mar 2011 i have paid 630000Rs. I hope i dont have to pay any service tax for 2010 as i have not crossed 10lakh rent. Please advice.

2. For the current year of now i have not paid any service tax till now. Assuming i will pay after 6th month of this years rent. ie after i pay a total of rent > 1000000 to my landlord. Please correct me if i am wrong. Please le tme know what is the amount that i have to pay.

3. Leaglly who is supposed to pay this service tax. The tenant or the landlord??? (there is nothing mentioned in the agreemant copy)

Replies (1)

U S Sharma

glidor@gmail.com

21068 Points Posted on 11 July 2011

Originally posted by : kiran
	Hi All, I am new to this forum. I could not find any similar tread so started a new tread. I am running resort and i am paying a rent of 157500Rs/monthly since dec 2010. 1. So from Dec 2010 to Mar 2011 i have paid 630000Rs. I hope i dont have to pay any service tax for 2010 as i have not crossed 10lakh rent. Please advice. 2. For the current year of now i have not paid any service tax till now. Assuming i will pay after 6th month of this years rent. ie after i pay a total of rent > 1000000 to my landlord. Please correct me if i am wrong. Please le tme know what is the amount that i have to pay. 3. Leaglly who is supposed to pay this service tax. The tenant or the landlord??? (there is nothing mentioned in the agreemant copy)