Renting of industrial shed
This query is : Resolved
06 September 2013
We are manufacturer of heavy equipment. We had given on rent some of the shed which had built with a objective of vendor development so that he can manufacturer their product as per our requirement and sell it to us exclusively. whether the rent what charging on him is coming under Service tax net or not. if applicable @ what please advice
06 September 2013
it will be covered under renting of immovable .
06 September 2013
Renting of immovable property is attracting service tax.
The condition is :
1) It is for the purpose of commercial activities
2) The total rental income crosses Rs.10 lacs in a year.
The rate of service tax is 12.36%.
The condition is :
1) It is for the purpose of commercial activities
2) The total rental income crosses Rs.10 lacs in a year.
The rate of service tax is 12.36%.
06 September 2013
Charging the rent from the vendor whom you have given the place within your manufacturing unit is not necessary, it shall create a tenancy right in favour of your vendor. It is worth reconsideration.
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
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
- TAN for Partnership
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Free lancer income
- What is provisional receipt number for generation of form 16A
- TDS related Query_Liquidated Damages
- LTCG for Assmt year 26-27
- NON- SUBMISSION OF LLP FORM 3
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
