SERVICE TAX LIABILITY

Rental Service given by Sushila Devi to Education Institute & LBF

S.NO.Category (Renting of---------)

Service tax
Whether
Applicable

Effective from

Rate

Abatement

Net Rate

Rote

No

N.A

N.A

N.A

N.A

N.A
348,480

48,787

Yes

15,699,660

2,197,952

Yes

Residential

Property to LBF in Bircholi Mardana

Indore

Yes

immovable property to School

Yes

Immovable property to School used for

Hostel Residential Purpose

5
6
7
8
9
10

Rent Amount Service Tax

Yearly
Amount

Cenvat Credit
Allowed
N.A

14%

14%

upto 31/3/2014
@12.36%, from
1/4/2015 14%

10/1/2014

14%

14%

upto 31/3/2014
@12.36%, from
1/4/2015 14%

No

N.A

N.A

N.A

N.A

N.A

3,835,284

NIL

N.A

Immovable property to School used for

Staff Residential Purpose

No

N.A

N.A

N.A

N.A

N.A

1,219,944

NIL

N.A

immovable property to Day School

Yes

10/1/2014

14%

14%

upto 31/3/2014
@12.36%, from
1/4/2015 14%

3,963,072

554,830

Yes

No

N.A

N.A

N.A

N.A

N.A

834,826

NIL

N.A

No
No

N.A
N.A

N.A
N.A

N.A
N.A

N.A
N.A

N.A
N.A

NIL
NIL

N.A
N.A

14%

upto 31/3/2014
@12.36%, from
1/4/2015 14%

24,410

Yes

Immovable property to School used for

Hostel Residential Purpose
Agriculture Land/ Agri Godown
Religious Place for general Public
Godown Lasodia Mori, Indore

Yes

14%

174,354

Income to Purshottam Agarwal From LBF Publications , Admanum Packing & Individual
S.NO.Category

Service tax
Whether
Applicable

Effective from

Rate

Abatement

Net Rate

Rote

N.A

N.A

N.A

N.A

N.A

Rent Amount Service Tax

Yearly
Amount

Cenvat Credit
Allowed

Royalty Income from LBF

No

N.A

Flat No. 102 c- Wing Mumbai (LBF)

yes

14%

14%

upto 31/3/2014
@12.36%, from
1/4/2015 14%

132,000

18,480

Commercial Shop LBF

Yes

14%

14%

upto 31/3/2014
@12.36%, from
1/4/2015 14%

26,400

3,696

Nilgiri Tower Flat, Indore (Admanum)

No

N.A

N.A

N.A

N.A

N.A

52,800

NIL

N.A

Nilgiri Tower Residential RamKumar

Verma

No

N.A

N.A

N.A

N.A

N.A

72,000

NIL

N.A

Rent Income to Education Institute

S.NO.Category (Renting of---------)

Service tax
Whether
Applicable

Effective from

Rate

Abatement

Net Rate

Rote

Rent Amount Service Tax

Yearly
Amount

Cenvat Credit

Commercial

Yes

14%

14%

upto 31/3/2014
@12.36%, from
1/4/2015 14%

Yes

Commercial (Hotels) but used for

Residential Purpose

Yes

14%

40% of Service
tax Rate

8.40%

upto 31/3/2014 @
7.42%, from
1/4/2015 8.40%

To avail Cenvat
Credit ,no
abatement allowed

Agriculture Land/ Agri Godown

No

N.A

N.A

N.A

N.A

N.A

N.A

No

N.A

N.A

N.A

N.A

N.A

N.A

No

N.A

N.A

N.A

N.A

N.A

N.A

No

N.A

N.A

N.A

N.A

N.A

N.A

4
5
6

Religious Place for general Public

Residential Staff Quarters
Boarding Fee

Rental Income to Prashant Agarwal From Chameli Devi Public School

S.NO.Category (Renting of---------)

1

Residential for Staff R-11 goyal nagar

Service tax
Whether
Applicable
No

Effective from

Rate

Abatement

Net Rate

Rote

N.A

N.A

N.A

N.A

N.A

Rent Amount Service Tax

Yearly
Amount

Cenvat Credit
N.A

Rental Income to Company from Individual

S.NO.Category (Renting of---------)

1

Residential

2
3

Service tax
Whether
Applicable

Effective from

Rate

Abatement

Net Rate

Rote

No

N.A

N.A

N.A

N.A

N.A

N.A

14%

14%

upto 31/3/2014
@12.36%, from
1/4/2015 14%

Yes

N.A

N.A

N.A

N.A

Yes
Commercial
Agricultural Land/ Agri Godown ujjain la

No

N.A

Rent Amount Service Tax

Yearly
Amount

200,000

Cenvat Credit

NIL

N.A

NOTE:1 Payment of Tax In case of New Service

Where service is taxed for first time , then
(i) No tax shall be payable to the extent the invoice has been issued & payment received against such invoice before such service became Taxable
(ii) No tax shall be payable if the Payment has been received before the service becames taxable & invoice has been issued within 14 days of the date when the service is taxed for the forst time.
2 Services provided by School Management System & Solutions to Agarwal Public School, CPS I & CPS II not liable to Service tax because "Auxillary Education Services"

Auxiliary education service means any services relating to imparting any skill, knowledge, education or development of course content or any other knowledgeenhancement activity, whether for the stud
other services which educational institutions ordinarily carry out themselves but may obtain as outsourced services from any other person, including services relating to admission to such institution, cond
for the students under any mid-day meals scheme sponsored by Government, or transportation of students, faculty or staff of such institution. - See more at: http://taxguru.in/service-tax/service-tax-educ
institutes.html#sthash.uWUBm01Y.dpuf
3 Rent Paid to Valley Rich Real Estate Private Ltd. Not liable to Service tax because amt paid less than 1000 per day, Rental paid 10000 pm.

Reason
Service Tax Number Due

Commercial Property

Used by Education Institute

Used for Residential Purpose for
Students
Used for Residential Purpose for
Staff
Used by Education Institute
Used for Residential Purpose for
Students
Agriculture use exempt
Religious purpose exempt
Commercial Property

Reason
Service Tax Number Taken
Services by way of Pre school
education & education up to
Higher Secondary School exempt
from Service tax
Office cum Residential (required
to show seperately in agreement
what is portion of residential & of
office)

Commercial Purpose
Residential for staff
Residential for staff

Reason
Service Tax Number Due
Commercial

Commercial
Agri activity exempt
Exempt , because general public
Residential for staff exempt
Auxillary service exempt from
service tax

Reason
Service Tax Number Taken
Residential for staff exempt

Residential Use

Agri Land

axed for the forst time.

t activity, whether for the students or the faculty, or any

ission to such institution, conduct of examination, catering
in/service-tax/service-tax-educational-