SERVICE TAX ON RENT

ravi (Querist) 26 January 2009 This query is : Resolved
WE ARE A PRIVAT LIMITED COMPANY. WE TOOK A HOUSE FOR STAFF ACCOMMODATION FROM AN INDIVIDUAL.

THE RENT RS.50,000 PER MONTH. THE AGREEMENT SAYS RENT + TAXES IF ANY APPLICABLE LESS TDS IF ANY.

NOW PLEASE ADVISE WHETHER WE NEED TO PAY SERVICE TAX @12.36 ON RS.50,000 TO THE INDIVIDUAL OWNER

DO WE HAVE TO RECEIVE RECEIPT OR INVOICE FROM HIM FOR RS.50000+SERVICE TAX

IS IT NECESSARY FOR HIM TO GET SERVICE TAX REG NUMBER

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rajesh garg (Expert) 26 January 2009
service tax always been charge at bill amount in the case of rent

arorars_05 (Expert) 27 January 2009
Yes it is necessary for the Property Owner to get Service Tax No. He will issue a Bill upon your Comapny separstley shwon Rent and Service Tax @ 12.36%. TDS is applicable only on Rent amount.

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