19 August 2011
Applicability of Service Tax on Lease Rent and Lease Premium on Land, Building etc..received by a Govt: company.
Also Service Tax applicability on Interest on Loans received by a Government Company.
If applicable the rate, ways to avoid it, any Service Tax on Deposits made initially. When Service tax is due. Either at the time of due or actual receipt.
22 August 2011
A government co is any person and therefore if the transaction falls under renting of IP then liability exists. Interest on loans ius not liable under ST. Only the other charges collected wouldbe liable. Normally the services recived by a govt co are liable for ST.
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