SERVICE TAX ON RENTED IMMOVABLE PROPERTY-BUILDING

This query is : Resolved

MANOJ (Querist)
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23 December 2010 CAN ANYONE CLEAR MY CONFUSION,

WE ARE RENTING ONE IMMOVABLE PROPERTY(BUILDING) FOR BUSINESS PURPOSE,

DO WE HAVE NEED TO COLLECT SERVICE TAX FROM OUR TENANT.

MANOJ

J.KARTHICK

J.KARTHICK (Expert)
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23 December 2010 By the Finance Act 2007, Central Government has extended the levy of service tax on renting of property also with effect from 1.06.2007 , under section 65(105)(zzzz) of the Finance Act 1994. Renting includes letting, leasing, licensing or other similar arrangement. Service tax is payable on the rental amount received less the actual amount of property tax paid.

Kapil Arora

Kapil Arora (Expert)
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23 December 2010 This is to inform that Punjab & Haryana High Court in the judgment titled as “Shubh Steels vs Union of India” has upheld the levy of service tax on renting of immovable property with retrospective effect.

if u want order pls provide your mail id

MANOJ

MANOJ (Querist)
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24 December 2010 THANKS FOR YOUR REPLIES.

YOU CAN SEND ME THAT ORDER ON MY EMAIL ID- 'manojmparab@gmail.com'

Thank you

Manoj

Kapil Arora

Kapil Arora (Expert)
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24 December 2010 i had mail to u

MANOJ

MANOJ (Querist)
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25 December 2010 THANK YOU SIR

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