AOP (Association of Persons) is providing Renting of Immovable Property Service to other commercial establishments like Banks etc. So, does this AOP need to collect & pay to Govt the Service Tax on Rent they are getting ?
In other words, is there Service Tax Liability on this AOP ?
Regards
CA Vinay
yes AOP is also covered under service tax for their commercial activities
Trasaction shall be liable to ST. However, ensure reverse charge may be applicable on this activity.
Thanks for the reply. To my knowledge "Renting of Immovable Property" is not covered under Reverse Charge Mechanism (RCM).
The onus to pay Service Tax is on the Service Provider which is AOP in this case.
Kindly let me know if am missing anything here.
Thanks
Regards
CA Vinay
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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