Renting of immovable property
This query is : Resolved
sunil heda
(Querist)
19 March 2014
Whether Immovable property given on rent to Food Corporation of India (Govt.) liable to service tax?
The above immovable property is not a vacant land.
The above immovable property is not a vacant land.
Rajagopalakrishnan R
(Expert)
19 March 2014
Yes prima facie it is commercial property given on rent and hence liable to Service tax, But if the total rent from commercial properties received by you is less than 10 lakhs a year, u can claim exemption as a Small service provider.
However if it is storage of Agricultural produce there is a general exemption under the MEGA exemption circular 25/2012
However if it is storage of Agricultural produce there is a general exemption under the MEGA exemption circular 25/2012
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