Renting of immovable property.

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..... Renting of immovable property.
Query (Issue) Started By: - MANASH MUKHERJEE Dated:- 29-10-2016 Last Reply Date:- 1-11-2016 Service Tax
Got 3 Replies
Service Tax
Dear Sir , A party recei .....

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..... ved refundable security deposit in addition to monthly rental . Wheather the amout received as refundable security deposit is chargeable to Service tax or is exempted? Reply By Rajagopalan Ranganath .....

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..... an: The Reply: Sir, As per para2.2.8 (5) of Guidance Note 2 of Annexure A of D. O. F. No 334/1/2012-TRU,dated 16th March, 2012 (Education Guide issued by CBEC) "Returnable deposit is in the nat .....

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..... ure of security and hence do not represent consideration for service. Reply By Ganeshan Kalyani: The Reply: I agree with the views of Sri Rajagopalan Sir. but if that deposit is adjusted against the .....

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..... service then it would tantamount to consideration for service and liable to service tax. Thanks . Reply By MARIAPPAN GOVINDARAJAN: The Reply: Deposit is only for security and not for consideration .....

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..... for the service provided or to be provided. Therefore it is not liable to service tax.
Discussion Forum - Knowledge Sharing .....

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