Is service tax attracted for services provided by nature of renting out playgrounds and courts to individuals and corporates to conduct tournaments or matches.
Before July 2012, under renting of immovable property services, renting of land for the purpose of sports was not taxable. However after introduction of negative list, it's not clear whether old provisions are applicable now.
pls comment whether service tax is chargeable?
Dear Ankit
Service tax is chargable if the service is not included in the Nagative List of the Mega Exemption List.
Dear Ankit,
Your view seems correct. There is no such specific exemption provided.
Is there any other service you provide along with renting of playgrounds..?
Liable as there is no exemption.
CAclubindia
