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Renting of immovable property

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2015 If a charitable society gives building on rent to a banking institution like icici. whether they are liable to pay service tax.
Is there any way to claim exemptions
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 May 2015 They are liable to pay service tax but it will be passed on to ICICI. No exemption available.
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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2015 Will it make any difference if property is let out before 30.06.2012. since this service is taxable from 01.06.2007.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 May 2015 Will not make any difference.
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