When Lessor terminated the lease contract before the lease period and received LUMPSUM say more than 10 lacsamount from Tenant, whether ST is applicable or not? If Application then under what provisions?
Bhavani (Articled) (44 Points)
13 December 2013When Lessor terminated the lease contract before the lease period and received LUMPSUM say more than 10 lacsamount from Tenant, whether ST is applicable or not? If Application then under what provisions?
Neljo Davis ACA
(Consultant)
(630 Points)
Replied 13 December 2013
In my opinion Service Tax will be applicable as Declared Service as per Sec.66E(e) of Finance act,1994. Consideration for agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act
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