renting of immovable property further use for business

This query is : Resolved

shanky budhiraja (Querist)
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19 October 2010 how should i show the service tax amount of p/y recd in this year due to amendment in budget , in the C/y service tax return.

for such service tax amount no payble entry in p/y books as not taxable in such year but now amedment retrospectively.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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19 October 2010 If the particular service is not taxable at the time of providing the services, No service tax is payable at the time of receipt.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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20 October 2010 The retrospectivity of rental of IP has been stayed in the case of Trent Ltd by the High Court of Andhra.

Even prospectively there is a doubt and stay granted again by the Delhi HC in May 2010.

Examine the levy and then pass entries.

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shanky budhiraja

shanky budhiraja (Querist)
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20 October 2010 Thanks sir thanku so much for your opinions