Service tax on renting of immovable properties
This query is : Resolved
15 April 2012
We have Chain of Hotels in India. These Hotels are given for Short Term Accommodation to Guests. The Buildings are taken on lease on which monthly rents are paid to the Landlords. In the Clause ZZZZ, it is written that immovable properties does not include buildings used for accommodation including hotels.Landlords charges Service tax on renting of building. Does Service Tax is applicable on this.
15 April 2012
Yes this shall be liable for Service tax...if the landloard is receiving an annual payment towards the rent from the rented building of more than Rs. 10 Lakhs in a year.
15 April 2012
In the Clause ZZZZ, it is written that immovable properties does not include buildings used for accommodation including hotels.Landlords charges Service tax on renting of building. Does Service Tax is applicable on this.
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