service tax on rent
This query is : Resolved
18 January 2011
A company has staff quarters.These quarters are given to company staff and contractors.The company deducts a fixed monthly amount from salary and contractors bills for such quarters and show the amount in RENT RECOVERY head in books of accounts.Whether the co. is liable to charge and deposit service tax on such amt recovered from employees and contractors.
18 January 2011
As per explanation 1 of section 65(90a),letting of quarters of residential purposes is not "for use in the course of furtherance of business or commerce". Hence,as per my understanding, the company is not liable to pay service tax.
18 January 2011
thanks,Sir.
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