Is ST applicable on rent of land for construction of building

Sireesha Gorti (Sole Proprietor) (174 Points)

17 December 2012  


can anybody inform me as to whether service tax is applicable for rent on the land given to my client for construction of building.

The lease deed states that ST has to be borne by the lessee.

Further, the lease of Rs. 10 L p.m has come into force on 1/1/2012. But, my client has not accounted for the ST.

Kindly help in accounting for the ST from 1/1/2012 as there is a change in ST rates wef 1/4/2012.