https://www.taxtmi.com/forum/issue?id=111523 Proportionate municipal/property tax paid by the supplier is deductible from gross rent on a monthly basis to determine the taxable value for renting of immovable property; the reduced taxable value is then used to compute service tax and related cesses. Separate invoicing that shows tax inclusive or exclusive does not alter the legal requirement that computation must be made after allowable property tax deduction, and suppliers must not collect service tax in excess of the legally due amount. Consider basic exemption thresholds where applicable. en-us Fri, 17 Feb 2017 22:21:36 +0530 Thu, 23 Jan 2025 15:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111523 Proportionate municipal/property tax paid by the supplier is deductible from gross rent on a monthly basis to determine the taxable value for renting of immovable property; the reduced taxable value is then used to compute service tax and related cesses. Separate invoicing that shows tax inclusive or exclusive does not alter the legal requirement that computation must be made after allowable property tax deduction, and suppliers must not collect service tax in excess of the legally due amount. Consider basic exemption thresholds where applicable. Discussion-Forum Service Tax Fri, 17 Feb 2017 22:21:36 +0530 https://www.taxtmi.com/forum/issue?id=111523