Dear sir
I have taken a gala in commercial complex and providing works contract service on RCM . and paying 15000/- monthly as a rent, am i liable to pay st on rent and if i am liable then at what percentage should i have to pay st .
Here i clear you that i am not taking any credit of any ST. pls guide me
Service Tax Liability: Renting Commercial Property Not Under Reverse Charge; Provider Pays Tax, SSI Exemption Possible. A user inquired about the liability for service tax on renting a commercial property while providing works contract services under reverse charge mechanism (RCM), paying a monthly rent of 15,000 without claiming any service tax credit. The response clarified that renting of immovable property is not covered under reverse charge notification, meaning the service recipient is not liable to pay the tax. Instead, the service provider is responsible for the tax payment, subject to Small Scale Industry (SSI) exemption. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
