Service tax on commercial rent
visu
(Querist) 21 September 2012
This query is : Resolved
Experts
pl. advise on the following:
We find from notification no. 24/2007 that commercial rent which is in the ambit of service tax net has exemption to the actual amount of property tax paid.
Service tax is a DIRECT tax, which is collected and paid; where the property tax is not actually passed on the lessee;
In such cases, how a service tax assessee can claim the service tax on the property tax.
Is this exemption really applicable?
Pl. advise and suggest
Sadashiv Rupchand Gaikwad
(Expert) 30 September 2012
Only commercial premises are covered at service tax,no resendential premises