TaxTMI 
TaxTMI 
Oct 2011 Rent received now , we have to calculate Service tax Liability 10.3% or 12.36%
Service Tax Liability
24 Aug 2012 
2 Replies 
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Service tax rate on rent clarified; interest applies for delayed payment of the tax.
Responses indicate that rent receipts attract a service tax rate of 10.30% and that interest on unpaid tax is payable at 18% per annum. (AI Summary)
Responses indicate that rent receipts attract a service tax rate of 10.30% and that interest on unpaid tax is payable at 18% per annum. (AI Summary)
