Service tax pls help

sir, we recd rent from canara bank , and they deducted tds from us , not pay service tax to us , but we pay service tax on behalf rent recd from bank 1) can we deemanding service tax from bank ? 2) it is that okay to pay service tax not recd by bank ? please help and thankyou
Replies (7)

ISSUE BILL WITH SERVICETAX .CHECK WHETHER THE RENT IS INCLUSIVE OF SERVICE TAX OR NOT W.R.TO RENT AGREEMENT

sir is there any intimation exempted service tax rent from bank ?

Renting of Immovable Property is a declared service as per section 66 E  of the Finance Act

1.Issue Invoice with service tax if you receive the service tax pay the same to government.

2.If you dont receive the service tax treat the same as inclusive of service tax

3.There is no exemption on service tax for renting to bank.

Everything depends on Agreement between you and bank, If it states that all taxes to be bourne bu you then you cannot demand service tax from bank and consider rent received inclusive of service tax.

In future issue invoice with service tax shown seperately.

Treat bill as Inclusive of service Tax and Pay accordingly.

As rightly discussed above, renting of Immoveable property has been considered as Declared Service u/s 66E.

If the bill shows seperately there is no issue, however if there has been no seperate disclosure of service tax the ame shall be considered as inlclusive the liability has to be deposited accordingly.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details