letting out of plant & machinery
This query is : Resolved
24 January 2008
proprietorship concern lets out plant & machinery of worth Rs. 20 Lacs to a company, what is the provisions of service tax?
24 January 2008
AS REGARDS LETTING OF AN IMMOVABLE PROPERTY ,THE PROVISIONS OF SERVICE TAX ARE AS FOLLOWS.
[(90a) “renting of immovable property” includes renting, letting, leasing, licensing or other
similar arrangements of immovable property for use in the course or furtherance of
business or commerce but does not include —
(i) renting of immovable property by a religious body or to a religious body; or
(ii) renting of immovable property to an educational body, imparting skill or knowledge or lessons on any subject or field, other than a commercial training or coaching centre;
Explanation.—For the purposes of this clause, “for use in the course or furtherance of
business or commerce” includes use of immovable property as factories, office buildings,
SOURCE:WWW.SERVICE TAX.GOV.IN
BUT IF WE PROVE PLANT AND MACHINERY IS MOVABLE AND NOT EMBEDDED TO THE EARTH, THE PROVISION DOES NOT APPLY.
R.V.RAO
AS REGARDS LETTING OF AN IMMOVABLE PROPERTY ,THE PROVISIONS OF SERVICE TAX ARE AS FOLLOWS.
[(90a) “renting of immovable property” includes renting, letting, leasing, licensing or other
similar arrangements of immovable property for use in the course or furtherance of
business or commerce but does not include —
(i) renting of immovable property by a religious body or to a religious body; or
(ii) renting of immovable property to an educational body, imparting skill or knowledge or lessons on any subject or field, other than a commercial training or coaching centre;
Explanation.—For the purposes of this clause, “for use in the course or furtherance of
business or commerce” includes use of immovable property as factories, office buildings,
SOURCE:WWW.SERVICE TAX.GOV.IN
BUT IF WE PROVE PLANT AND MACHINERY IS MOVABLE AND NOT EMBEDDED TO THE EARTH, THE PROVISION DOES NOT APPLY.
R.V.RAO
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
- Supply through E-commerce Operators
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- REGARDING GST LIABILITY/....
- LTCG for Assmt year 26-27
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
