SERVIE TAX ON RENTING OF IMMOVEABLE PROPERTY , Service Tax

[rohit rao]

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

 

Posts / Replies

[Pradeep Khatri]

Tax rate would be 12.36% on the Gross amount less property taxes.

[RAM NAUDIYAL]

Dear Sir,

Can we take service tax credit on Renting of Immovable Property.

Thanks