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Service Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Valuation - Renting of Immovable Property Service - renting the ...


Renting of factory to joint venture is a taxable service, not profit-sharing; service tax, interest, and penalties apply.

July 1, 2019

Case Laws     Service Tax     AT

Valuation - Renting of Immovable Property Service - renting the factory with plant and machinery to JV - The transaction is not in the nature of sharing of profit with JV partners - Liable to service tax - Demand confirmed with interest and penalty.

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