Arrears of Service Tax on rent
This query is : Resolved
09 September 2010
Dear Friends,
One of our clients have not paid the landlords Serive tax on rent wef May-09 based on the ruling by Delhi High Court.
Request you to clarify the following pioints:
What is the current position? Should we pay the service tax along with the arrears?
Should we make a provision of service tax payable for the F/y 2009-10.Is it a contingent liability?
If we make the payment now accounting treatment for both the
Finanacial years 2009-10 & 2010-11. and also in case if we take it as a contngent liability last year?
Thanking u all in advance,
Best Regards.
K.Ganesh
One of our clients have not paid the landlords Serive tax on rent wef May-09 based on the ruling by Delhi High Court.
Request you to clarify the following pioints:
What is the current position? Should we pay the service tax along with the arrears?
Should we make a provision of service tax payable for the F/y 2009-10.Is it a contingent liability?
If we make the payment now accounting treatment for both the
Finanacial years 2009-10 & 2010-11. and also in case if we take it as a contngent liability last year?
Thanking u all in advance,
Best Regards.
K.Ganesh
Madhukar N Hiregange
(Expert)
09 September 2010
Delhi HC in Home Reatil has again stayed the operation. Trent Ltd in AP HC has stayed the retrospective application.
Matter of rent not a service at all is still a matter in doubt.
Unitl the decision we would not know. Notices being issued to safegaurd the revneu as we understand.
Matter of rent not a service at all is still a matter in doubt.
Unitl the decision we would not know. Notices being issued to safegaurd the revneu as we understand.
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