TaxTMI 
TaxTMI 
DEAR SIR,
WHAT WILL BE THE RATIO OF SERVICE TAX IF WE RENT OUR IMMOVABLE PROPERTY TO OTHER. IF WE ARE BILLING TO THE PARTY CHARGING THEM 12.36% OF ST ON THE RENT.
IF THERE ANY % RATIO ON RENT OF IMMOVABLE PROPERTY KINDLY LET US KNOW
ROHIT R RAO
SERVIE TAX ON RENTING OF IMMOVEABLE PROPERTY
05 Nov 2012 
2 Replies 
1780 Views Asked by
Guest 
Service tax on renting of immovable property applies to gross rent net of property taxes; input credit question arises.
Service tax is indicated as leviable on rent for letting immovable property at the rate stated in the correspondence, with the taxable base being the gross rent amount less property taxes; the discussion separately asks whether input/service tax credit can be claimed in respect of renting of immovable property, but does not supply a definitive ruling on credit eligibility. (AI Summary)
Service tax is indicated as leviable on rent for letting immovable property at the rate stated in the correspondence, with the taxable base being the gross rent amount less property taxes; the discussion separately asks whether input/service tax credit can be claimed in respect of renting of immovable property, but does not supply a definitive ruling on credit eligibility. (AI Summary)