Service tax on rent of construction equipment

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  1. kalpeshtita

    kalpeshtita New Member

    Hi there,

    Recently i started one firm and we provide construction equipment(i.e. concrete mixture,construction Lift,cutters,compressor etc ) on rent.suppose i earn rend 12 lac so do i need to pay service tax or not?and suppose i need to pay service tax how much i have to pay.

  2. Neha Sharma

    Neha Sharma Active Member

    Yes, you would be required to pay Service Tax @12.36% of the Total Rent received.
  3. kalpeshtita

    kalpeshtita New Member

    okey but as i know if i receive total rent below 10 lac that is not necessary right?
  4. Neha Sharma

    Neha Sharma Active Member

    In case you receive Rent below Rs. 10 Lakhs, you can claim Small Scale Exemption and Service Tax would not be levied on you.
  5. iniyazhini

    iniyazhini New Member

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