Mandaba keeper tax, Service Tax

[krish supramanian]

Dear sir,

I am having a Kalyana mandabam and a shopping in a single building.

I have leased the ground floor to my younger daughter and first floor to my elder daughter and also receiving a lease rent from both of my daughters.. My daughters are separately renting both floors for parties and collecting rent separately and filing returns separately.

The vessels needed for the function is provided by another party. The chairs and tables needed are arranged by another party.

Totally five different returns for a single Mandabam is correct or not. Is any business violence?. Please clarify in Income tax and service tax part.

Posts / Replies

[ALOK GUPTA]

Reply for Service Tax part:-

1-Your daughters have to seek separate service tax registration under Mandap Keeper Service, collect value & tax from customers on full amount. No abatement is allowed. Rs.10 lacs exemption under Notification No. 6/2005-ST dtd. 01.03.2005 is available subject to fulfil the condiions.

2-The suppliers of Chairs, Tables & other services may raise separate bill to their customer, collect value & tax & deposit it separately after obtaining service tax registration.

3-If amount of vendors are also collected by your daughters, then whole amount is taxable.

[Views expressed are personal in nature]