Service tax

dinesh kumar (Querist) 16 December 2016 This query is : Resolved
I have an shop monthly rent is 14000/P.M My tenanat is not paying rent on due time.but this year he has paid all arrear amount. I.e 231000/=&vacate the premises & not collected any service tax from tenent Last year my rental income was less than 10 lacs .So I have not charged & paid any service tax.but this year my rental income has exceeds Rs 10 lacs..
My question is -what is service tax implication on my rental income where I have not charged & collected service tax.Is there any possibilities to avoid /minimise the service tax applicable on my rental income .Is service tax payble on actual amount received or amount due .

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Guest (Expert) 17 December 2016
Academic & commercial query.

Rajendra K Goyal (Expert) 17 December 2016
If service tax is applicable and not collected from other party, you have to bear the same.

Discuss in detail with local tax consultant.

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