Service Tax on Rent-Immovable property

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Payal Sanghani

Payal Sanghani (Querist)
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23 November 2010 Can anyone tell me what is the status of Service tax on Rent-Immovable property

CA. BHAVIK DILIPBHAI MEHTA

CA. BHAVIK DILIPBHAI MEHTA (Expert)
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23 November 2010 In order to clarify the legislative intent and also bring in certainty in tax liability the activity of renting of immovable property per se would constitute a taxable service.This amendment is being given retrospective effect from 01.06.2007 in the Budget 2010.

Hence the service tax needs to be collected from the tenants & deposited to the credited of Central Government.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 November 2010 Pl read the AP High Court decision in
https://www.accommodationtimes.com/real-estate-news/service-tax-on-renting-of-immovable-properties-ap-high-court-stays-retrospective-amendment/

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