https://www.taxtmi.com/forum/issue?id=109037 Abatement of property tax from gross rent reduces the taxable rent on which service tax is charged; any excess service tax collected from a tenant over the amount actually deposited must be remitted to the exchequer immediately. The consultant provides the correct computation method for taxable rent after property tax abatement and emphasizes the statutory obligation to deposit collected service tax rather than retaining it as income. en-us Mon, 17 Aug 2015 11:18:36 +0530 Thu, 23 Jan 2025 15:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109037 Abatement of property tax from gross rent reduces the taxable rent on which service tax is charged; any excess service tax collected from a tenant over the amount actually deposited must be remitted to the exchequer immediately. The consultant provides the correct computation method for taxable rent after property tax abatement and emphasizes the statutory obligation to deposit collected service tax rather than retaining it as income. Discussion-Forum Service Tax Mon, 17 Aug 2015 11:18:36 +0530 https://www.taxtmi.com/forum/issue?id=109037