Hi. My Client collects revenue from Parking services. they own the premises and charge parking tariff from the visitors/ customers. Is service tax applicable on Parking Revenue, if yes then under which category..
thanks in advance....
Menu
Parking Income
Replies (5)
Yes, it is chargeable under the head "Renting of Immovable property"
Mr. Jayesh, i referred the definition of Immovable Property under Service Tax. That excludes land used for educational, sports and parking purpose. Will this do away service tax applicability on parking Income.
If it is a vacant land that is used for parking of vehicals then it may be exempt... However if the premises has building / facilites and parking charges are incidental to this.. then parking charges may fall under this catagory..
PARKING SERVICE IS STILL NOT ASSIGNED AS SERVICE IN THE ACT 65(105).
SIMILAR SERVICE IS RENTING OF IMMOVABLE PROPERTY
BUT THIS SERVICE IS ALSO FACING THE LEGAL SUIT, HIGH COURT DECLAIRED THAT
THIS BUSINESS DOEST NOT FALL UNDER SERVICE
BETTER TO NOT TO COLLECT AND BURDEN THE CUSTOMERS POCKET
.
Thanks Jayesh and Eklabya.
Do you have the legal suit details. if yes, can you post the case for my help.
wish you every body a Great New Year ahead ...
Recent Threads
- 54EC Capital Gains Tax Bonds
- We have bought MS Angles etc., and fabricated it t
- ICAI Scholarship
- GSTR-9 filling
- Intraday trading under presumptive
- Itc04 rorm date error
- Acknowledgment No. and date to be mentioned in rev
- Interest On Enhanced Compensation u/s 28 of Land a
- Wrong Place of supply mentioned by supplier on inv
- Itr for presumptive taxation and foreign asset
Related Threads
CAclubindia
