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TMI BlogRenting of Immovable PropertyX X X X Extracts X X X X X X X X Extracts X X X X ..... ny such facility, wholly or partly, in an immovable property, with or without the transfer of possession or control of the said immovable property and includes letting, leasing, licensing or other similar arrangements in respect of immovable property. Immovable property- Immovable property in ordinary legal sense covers land, buildings and land appurtenant to the building. According to General C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... property i.e. renting, letting, licensing and any other similar arrangement should be of immovable property. As per above meaning of immovable property, even machinery may become immovable property if it is attached to the land or building permanently. However, where a machine or engine is attached to the earth only for its beneficial use, it will be regarded as movable property. In Triveni Engin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... certain kinds of immovable properties is specified in the negative list. These are - * renting of vacant land, with or without a structure incidental to its use, relating to agriculture * renting of residential dwelling for use as residence * renting out of any property by the Reserve Bank of India * renting out of any property by a Government or a local authority to a non-business entity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsferring possession of such property, is also renting of immoveable property. 6.1.4 Would activities referred to in column 1 of a table below be chargeable to service tax? S.No. Journey Taxability 1 Renting of property to an educational body Exempted if provided to an educational institution for the purpose of education which is exempt from the levy of service tax. 2 Renting of vacant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... property. 6.1.5 Whether hotels/restaurants/convention centres letting out their halls, rooms etc. for social, official or business or cultural functions fall within the scope of this declared list service? Halls, rooms etc. let out by hotels/restaurants for a consideration for organizing social, official or business or cultural functions are covered within the scope of renting of immovable prope ..... X X X X Extracts X X X X X X X X Extracts X X X X
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