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YK Associates   16 July 2021

Service tax in case of Rent Free premises used for commercial

Dear Members,

One of the partner in the firm providing security services is given his shop to operate its firm business at partner place. There is no rent paid by Firm its partners as per their mutual understanding and consent of partner. Service tax Inspector has raised the query and orally said that the estimated taxable amount on rent of Rs.7 lakhs will attract service tax.

So, my question/ query is -
1. Whether the rent free will be considers under service
2. If yes, then what will be taxable amount on which service will be calculated.
3. Judgments related to above senerio.

plz suggest


 4 Replies

sabyasachi mukherjee

sabyasachi mukherjee   17 July 2021

Security service is within the purview of gst.
Balamurali Unnithan MS

Balamurali Unnithan MS (STUDENT)     17 July 2021

1.Yes -But have an exception for residential renting.

2 Turnover Crossing 20 Lakhs Limit -Each amount is taxable.

3.Check out in the Google.
YK Associates

YK Associates   20 July 2021

Thanks for your reply 

There is no rent paid from partnership firm to its partner. Then what will be amount

 

 

Heet Shah

Heet Shah (Tax Consultant)     15 September 2021

Originally posted by : YK Associates
Thanks for your reply 

There is no rent paid from partnership firm to its partner. Then what will be amount

 

 

Refer to the service tax law it requires payment of consideration for levy of service tax. 


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