service tax
a commercial property is leased out to a BPO. Does the licencee have to pay service tax?
Asked on 6/29/07, 6:32 am
2 Answers from Attorneys
Balasubramanya Beeranna
Balasubramanya&Ramesh Associates
Re: service tax
Service tax is to be paid by the Licencee at the rate of 12.36% on the Gross Rent, it is an indirect tax levied on him, please collect this months service tax within next month of 5th day. and pay the same to the Department,
You are exempted from paying or collecting the service tax if it does not exceed totally from all sources Rs. 8,00,000/- (rupees eight laksh only) but if you cross seven lakhs then you have to register and claim exemption from the department.
B.Balasubramanya.
Answered on 6/30/07, 12:58 am
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: service tax
yes the licensee has to pay the service tax
Answered on 7/01/07, 4:47 am
Related Questions & Answers
-
To start a consuktancy/ service firm Sir, I am already working With some... Asked 6/24/07, 1:58 am in India Tax and Taxation Law
-
Income tax Does income from selling of existing house is included in the total anual... Asked 6/21/07, 5:14 am in India Tax and Taxation Law
-
Personal saving's proof. Can i show my personal savings as savings towards my father... Asked 6/21/07, 2:36 am in India Tax and Taxation Law
-
Tax Who is liable to pay FBT where the person who pays for the benefits is another... Asked 6/15/07, 8:01 am in India Tax and Taxation Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
