i have given house property (residential proiperty) on rent to a listed co which has provided as an rent free accoommodation to its employee. rent for the said property is 90,000/- p.m. Is service tax applicable on renting of said house property?
Is service tax applicable on honorarium exceeding rs. 10 lakhs paid by a Trade Union to its president / secretary?if applicable who is liable to pay i.e. trade union or president?
Services by way of renting of residential dwelling for use as residence is in Negative List.
But Since You are Giving it for Commercial Purpose to Company, Service Tax Need to be Charged.
Other Views are Solicited.
Pls refer This Notification
https://www.servicetax.gov.in/notifications/notfns-2012/st25-2012.htm
All Negative List in This Notification Only.
One of the points in the negative list is
(m) services by way of renting of residential dwelling for use as residence;"
Though you have given property to the Company for residential purpose, it is exempted from service tax.
Services provided by Trade Union are Not Exempted in Your Case.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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