Service Tax on Renting of Immovable Properties

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This query is : Resolved

Mahesh khattar (Querist)

11 May 2010 Whether Service Tax on Renting of Immovable properties for the previous years is to be deposited by Revising Service Tax Return's and Service Tax is to be deposited with Interest or without Interest?

Ram Avtar Singh

Ram Avtar Singh (Expert)

11 May 2010 see detail

https://www.simpletaxindia.org/2010/02/service-tax-rent-budget-2010-court-case.html

Shyam Lal Naik

Shyam Lal Naik (Expert)

11 May 2010 There is no need to revise the return. In fact, return can be revised only within a period of 90 days from the date of submission of original return. How ever, remittances, if any, can be intimated by way of a letter.

Interest is mandatory.

2nd round of litigation is inevitable. Payments should be paid under protest.

Considering the confusion, it is dobutful, whether longer perion can be invoked for recovery of tax beyong a period of one year.

It shall be in fitness to seek legal advice, before remitting taxes for period beyond the normal period of limitation.

Shyam Lal Naik

Shyam Lal Naik (Expert)

22 May 2010 Please also visit : -

https://www.caclubindia.com/forum/service-tax-on-renting-under-challange-84223.asp

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