service tax applicable f. y.

yes 

Service tax applicable from F,Y. 1994-95

Yes service tax is leviable on rental income from immovable property used for commercial purposes.

It became applicable from 2007. There was a high Court judgment which stayed the payment of service tax on this kind of income.

But in the current budget it has been made clear that you have to pay service tax on this income and that too with retrospective effect. That means from 2007 till date and now that High Court judgment has no validity.

Though this matter is still pending before the Supreme Court.

Dear Mr Bashista

Can u confirm me that serviced tax on Renting of immovable property ammendment restropactive effect.

Sir,

This service falls under taxable sevice No. 96 and it was levied vide notification No. 23/2007 dated 22.05.2007.

If you see the Service tax tariff 2010-11 it is clearly written that vide finance bill 2010 it is applicable with retrospective effect from 01.06.2007.