MY CLIENT HAS LEASED OUT A FACTORY IN WHICH LEASE AMOUNT IS AS BELOW:-
BUILDING LEASE PER ANNUM: RS.6.00 LAC, LEASE OF PLANT & MACHINERY PER ANNUM RS. 20.00 LAC, TOTAL LEASE AMOUNT IS RS. 26.00 LACS.
MY QUERY IS :-
WHETHER LAIBILITY OF SERVICE TAX IS ONLY ON BUILDING LEASE AMOUNT OR ON ENTIRE LEASE AMOUNT INCLUDING PLANT & MACHINERY?
hai alok agarwal,
Both are liable for service tax. The building lease is liable under "RENTING OF IMMOVABLE PROPERTIES" and Plant & Machinery is liable to service tax under "SUPPLY OF TANGIBLE SERVICES".
hai alok agarwal,
Both are liable for service tax. The building lease is liable under "RENTING OF IMMOVABLE PROPERTIES" and Plant & Machinery is liable to service tax under "SUPPLY OF TANGIBLE SERVICES".
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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