TMI Blogcluping of service tax reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, I am having a big multible complex, containing shops and a kalyana mandabam. I have rented the shops to different persions, and the mandabamhall and dining is Leased to another two persio for nominal rent.. All individuals are filing their own income tax and all are within the limit of service tax. When calculating the service I am cluping all my rents for service amount. Is necessary t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o clup all other parties service income to my account, Please clear the view. - Reply By daya singh - The Reply = You are only liable for the rent collected by you and it is not required to club the service income of other individual for the payment of service tax - Reply By ANAND SHEMBEKAR - The Reply = You are service tax assessee , while calculating the taxable value of services ,you ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve to taken into account value of taxable services charged by you. - Reply By NEERAJ KUMAR, RANCHI - The Reply = You need to club all the rent being received by you directly only. If you have let out a premise and the tenant is providing some kind of taxable service from that premises you are liable for that service but the rent received by you from that person should for the value of tot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al taxable service. - Reply By rakesh chitkara - The Reply = Renting is a service. Tax is on service and not on service provider. If the property rented out is indivisible, having one "registry" regardless of the number of owners, any artificial splitting of rent may be legal from the Direct Taxation aspect. As per the indirect taxation concept, service tax will be paid towards the indivisible s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ervice, and thereafter multiple owners are free to divide in whatever manner is their share of property for income tax purposes. Implcation being, that service tax has to be paid on the entire amount BEFORE it is sub-divided. There is no threshold exemption on the property being rented out, if the total combined rent is above Rs. 10 lakhs in a FY. - cluping of service tax reg. - Query Started B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y: - krish supramanian Dated:- 1-2-2012 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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