Liability of service tax on whom
This query is : Resolved
Atulkumar Lohiya
(Querist)
06 March 2008
Sir, company A has made a development agreement with the owner of the land so that the revenue will be shared between them in the ration 65:35. The whole property after development will be given on lease rent for commercial purpose. A property management agreement has been made with the other company B so that he will 2% of gross receipts and the total receipts comes in its name so that he will distribute the net amount after incurring the tax and expenses to the owner and company A in the ratio 65:35. So i am interested to know what is the service tax liabilty of renting of immovable property and to whom and if the property management service provided by the company B whether he is liable to pay any service tax on that service. and whether service tax liability of rent liable to whom.
S.Srinivasaraghavan
(Expert)
06 March 2008
Who is the service provider is what we have to be categorical about. The liability will be on the service provider.
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