TMI Blogis service tax applicable on rent present?X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sirs, i have one doubt i.e., is service tax applicable on rent present? is there any exemption of service tax on rent? pls. give your valuable replies on this issues. thanks to all advance.---__- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -- BENARJEE GOVADA - Reply By Sandeep Chaudhari - The Reply = Dear Sir, Yes. ST is applicable on Rent under the ST heading "Renting of immovable property services". As per definition provide in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Section 65 (105)(zzzz) it is applicable only on renting, letting, leasing, licensing or other similar arrangements of immovable property for use in the course or furtherance of business or commerc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e. Exemption to this is as follows, Service tax is payable on the rental amount received less the actual amount of property tax paid to the local authority.---By Notification no. 24/2007. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Seetharaman K C - The Reply = Service tax is applicable on rent provided the property is used for furtherence of business or commerce. There was some doubts cast by the judgemnts in Delh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i High Court - Home Solutions case but there are subsequent decisions confirming the applicability of the tax and so it is definitely safer to pay - is service tax applicable on rent present? - Que ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry Started By: - chaganti srinivas Dated:- 20-1-2011 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - 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
|