Renting Of Immovable Property

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....enting Of Immovable Property<br> Query (Issue) Started By: - Amar Ramani Dated:- 17-2-2017 Last Reply Date:- 19-2-2017 Service Tax<br>Got 9 Replies<br>Service Tax<br>&#2360;&#2352;, &#2350;&#2375;&#2352;&#2375; &#2346;&#2366;&#2360; &#2319;&#2325; &#2346;&#2381;&#2352;&#2377;&#2346;&#2352;&#2381;&#2335;&#2368; &#2361;&#2376;&#2404; &#2332;&#2367;&#2360; &#2346;&#2352; &#2350;&#2369;&#2333;&#2375;....

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.... 100000 &#2352;&#2369;&#2346;&#2351;&#2375; &#2350;&#2366;&#2360;&#2367;&#2325; &#2325;&#2367;&#2352;&#2366;&#2351;&#2366; &#2350;&#2367;&#2354;&#2340;&#2366; &#2361;&#2376;&#2404; &#2350;&#2376;&#2306; &#2346;&#2381;&#2352;&#2377;&#2346;&#2352;&#2381;&#2335;&#2368; &#2346;&#2352; &#2360;&#2366;&#2354;&#2366;&#2344;&#2366; &#2350;&#2381;&#2351;&#2369;&#2344;&#2367;&#2360;&#2367;&#2346;&#2354; &#23....

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....35;&#2376;&#2325;&#2381;&#2360; 35000 &#2352;&#2369;&#2346;&#2351;&#2375; &#2349;&#2368; &#2309;&#2342;&#2366; &#2325;&#2352;&#2340;&#2366; &#2361;&#2369;&#2404; &#2350;&#2375;&#2352;&#2366; &#2360;&#2357;&#2366;&#2354; &#2351;&#2361; &#2361;&#2376; &#2325;&#2367;, 1. &#2350;&#2376;&#2306; &#2309;&#2327;&#2352; &#2348;&#2367;&#2354; &#2350;&#2375;&#2306; 100000 &#2352;&#2369;&#2346;&#2351;&#237....

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....5; &#2325;&#2367;&#2352;&#2366;&#2351;&#2366; &#2357; 15000 &#2352;&#2369;&#2346;&#2351;&#2375; &#2335;&#2376;&#2325;&#2381;&#2360; &#2325;&#2375; &#2309;&#2327;&#2354; &#2360;&#2375; &#2342;&#2367;&#2326;&#2340;&#2366; &#2361;&#2370;&#2306;, &#2340;&#2379; &#2350;&#2369;&#2333;&#2375; &#2346;&#2381;&#2352;&#2377;&#2346;&#2352;&#2381;&#2335;&#2368; &#2335;&#2376;&#2325;&#2381;&#2360; &#2325;&#2366....

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....; set-off &#2325;&#2376;&#2360;&#2375; &#2350;&#2367;&#2354; &#2360;&#2325;&#2340;&#2366; &#2361;&#2376; &#2357; &#2313;&#2360;&#2325;&#2366; Calculation &#2325;&#2376;&#2360;&#2375; &#2361;&#2379;&#2327;&#2366;? 2. &#2309;&#2327;&#2352; &#2350;&#2376;&#2306; &#2348;&#2367;&#2354; &#2350;&#2375;&#2306; &#2319;&#2325; &#2361;&#2368; &#2309;&#2350;&#2366;&#2313;&#2306;&#2335; &#2342;&#2367;&#2326;&....

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....#2340;&#2366; &#2361;&#2370;&#2306; 115000 &#2352;&#2369;&#2346;&#2351;&#2375;, &#2350;&#2340;&#2354;&#2348; Inclusive of Tax &#2340;&#2379; &#2325;&#2381;&#2351;&#2366; &#2311;&#2360; &#2325;&#2375;&#2360; &#2350;&#2375;&#2306; &#2350;&#2381;&#2351;&#2369;&#2344;&#2367;&#2360;&#2367;&#2346;&#2354; &#2335;&#2376;&#2325;&#2381;&#2360; &#2325;&#2366; &#2347;&#2366;&#2351;&#2342;&#2366; &#2350;&#2367....

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....;&#2354;&#2375;&#2327;&#2366;&#2404; &#2309;&#2327;&#2352; &#2350;&#2367;&#2354; &#2360;&#2325;&#2340;&#2366; &#2361;&#2376; &#2340;&#2379; &#2325;&#2367;&#2360; Section &#2350;&#2375;&#2306; &#2324;&#2352; &#2313;&#2360;&#2325;&#2366; Calcultion &#2325;&#2376;&#2360;&#2375; &#2361;&#2379;&#2327;&#2366;? &#2343;&#2344;&#2381;&#2351;&#2357;&#2366;&#2342; &#2310;&#2346;&#2325;&#2366; &#2310;&#2349....

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....;&#2366;&#2352;&#2368; Reply By YAGAY AND SUN: The Reply: Calculation 35000/12=2917*6=17500 600000-17500=582500*14% +.50%+.50% However, thanks for raising query in Hindi Reply By YAGAY AND SUN: The Reply: Property tax would be deducted from the taxable amount on monthly basis. Say you pay 12000 as property tax then 1000 per month would be deducted from 100000 comes to &#8377; 99000 and on t....

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....his 99000 you will calculate the Service tax. Reply By KASTURI SETHI: The Reply: Dear Querist, I fully support the views of M/S. YAGAY AND SUN, Experts. Reply By Amar Ramani: The Reply: Sir, Please Clarify I have issued a Bill for the month of April under Renting of Immovable Property Service As Taxable Value &#8377; 100000 Service Tax &#8377; 14000 Swachh Bharat Cess &#8377; 500 Total Rs....

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.... 114500 and i have paid Proportionate Property tax Paid for the month of April is &#8377; 25000. Now what will be my Service tax payment ? a. &#8377; 14500 as i have Collected Separately from Tenant as per agreement or b. Rs (100000-25000)*14.5% = 10875. Thank u Reply By KASTURI SETHI: The Reply: You cannot collect ST more than due amount from service receiver. Reply By Amar Ramani: The Rep....

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....ly: Sir as per agreement Rent per month is &#8377; 100000 and Service tax Extra. Property tax is to be paid by me. We have Received 114500 and property Tax paid by me. Reply By KASTURI SETHI: The Reply: AMAR Ramani Ji, M/S. Yagay and Sun&#39; reply is very much clear. If you do not claim deduction as advised by M/S. Yagay and Sun and want to pay more as you have collected ST more than due it is....

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.... wrong in the eyes of law. You cannot execute any agreement in violation of ST law. It is always advisable to pay as per law. By paying more, credit would be taken in excess by service receiver. Reply By Amar Ramani: The Reply: Sir Thanks to all of u for your precious Reply and cleared my query. Thank u Reply By Ganeshan Kalyani: The Reply: If you are paying ST for the first time then conside....

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....r basic exemption limit of &#8377; 10 Lacs.<br> Discussion Forum - Knowledge Sharing ....