Applicability of service tax on building rent
This query is : Resolved
19 February 2015
Kindly advise whether the building given to a company on rent for its staff residential purose will attract service tax or not? The building may belong to an individual or the individual has also taken on rent for this purpose.
Regards,
Kindly advise whether the building given to a company on rent for its staff residential purose will attract service tax or not? The building may belong to an individual or the individual has also taken on rent for this purpose.
Regards,
Rajesh Sharma
(Expert)
21 February 2015
Hi Dhirendra,
As per Clause 'm' of Section 66D service by way of renting of residential dwelling for use as residence is covered under the Negative list.
Irrespective of the 'lessee' i.e. corporate or non corporate the service tax is not applicable. However, it is advisable to specifically mention in the lease/rent agreement that it is for residential purpose and no other use is permissible.
As per Clause 'm' of Section 66D service by way of renting of residential dwelling for use as residence is covered under the Negative list.
Irrespective of the 'lessee' i.e. corporate or non corporate the service tax is not applicable. However, it is advisable to specifically mention in the lease/rent agreement that it is for residential purpose and no other use is permissible.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
