Service tax on renting of immovable service
This query is : Resolved
21 November 2014
I wanted you guidance in following matters. All questions are regarding an assesee whose business is renting of immovable property.
1. If a part of the security deposit of the tenant is forfeited or the damages in property used by him and such amount is used for repairs of the property for the damages caused due to use by the tenant.Then is such amount chargeable to service tax?
2. If security amount is adjusted against rent at the end while then what would be the point of taxation in service tax.
3. If any creditors are written off then is there any service tax liability in this regard.
Please provide your opinion in this regard.
1. If a part of the security deposit of the tenant is forfeited or the damages in property used by him and such amount is used for repairs of the property for the damages caused due to use by the tenant.Then is such amount chargeable to service tax?
2. If security amount is adjusted against rent at the end while then what would be the point of taxation in service tax.
3. If any creditors are written off then is there any service tax liability in this regard.
Please provide your opinion in this regard.
21 November 2014
01. No. In this case no service is provided
02. Adjusted security deposit is definitely charged to service tax because it is RENT.
03. Writing back of creditors per se is NOT chargeable to service tax (Hope this creditor writing back is NOT a regular and frequent feature of the business)
02. Adjusted security deposit is definitely charged to service tax because it is RENT.
03. Writing back of creditors per se is NOT chargeable to service tax (Hope this creditor writing back is NOT a regular and frequent feature of the business)
Message likes :
1 times
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Eway bill generation from place other than registeted
- Management System (IMS)
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
