TaxTMI 
TaxTMI 
Abatement in Service Tax for the amount paid as Municipality Tax
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....batement in Service Tax for the amount paid as Municipality Tax<br> Query (Issue) Started By: - Sumit Sharma Dated:- 21-12-2011 Last Reply Date:- 21-12-2011 Service Tax<br>Got 1 Reply<br>Service Tax<b....
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....r>I want to know the notification No. applicable for Abatement in Service Tax for the amount paid as Municipality Tax. Service is - Renting of Immovable Properties. Reply By Pradeep Khatri: The Reply....
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....: While calculating value, the property tax paid can be deducted and on the balance service tax payable. Proportionate deduction is allowed on property tax. For instance, if property tax of say Rs. 1....
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....2,000/- is paid for June to December (i.e.for six months) then deduction of Rs. 1000 per month can be claimed while paying service tax. Text of Notification no. 24/2007 is relevant in this regard. Fur....
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....ther, no deduction is permissible for interest/penalty paid in relation to such property tax.<br> Discussion Forum - Knowledge Sharing ....