Service Tax on Rent of Immovable Property
This query is : Open
04 March 2010
As per finance Bill 2010, Service tax on rent of immovable property as been introduced retrospectivly.
Pl advise, whether service tax is to be deposited with department for prior period along with interest on service tax or without interest?
regds
Pl advise, whether service tax is to be deposited with department for prior period along with interest on service tax or without interest?
regds
CA Shishir
(Expert)
04 March 2010
As per Finance Bill 2010, the effect will come from the date of notification i.e., after bill becoming an act.
If the above change is approved in the same spirit, then liability along with interest will be required to be paid with effect from 01.06.2007.
In case this becomes an act, it has the effect of nullyfying the Delhi High Court Order for stay of paying ST on Renting of House Property.
If the above change is approved in the same spirit, then liability along with interest will be required to be paid with effect from 01.06.2007.
In case this becomes an act, it has the effect of nullyfying the Delhi High Court Order for stay of paying ST on Renting of House Property.
04 March 2010
Thanks for your reply...one more thing i wish to ask
Should we pay service tax on rent under protest as there could be any further judgement by apex court in favour of assessee or stay on service tax on rent...then we would be able to get refund from the department..
Should we pay service tax on rent under protest as there could be any further judgement by apex court in favour of assessee or stay on service tax on rent...then we would be able to get refund from the department..
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
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Reward for festival
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Import of Capital Machine
- Gift to nri relatives resides in usa
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
