05 August 2008
What is the final outcome of latest judgment given by the Bombay High court in regards to Sericve Tax on rented property for commercial use?
What should retailers do? Should they give undertaking or should they pay service tax as they are doing until SC decides in the matter?
24 August 2008
The Hon'ble Bombay HC has granted only stay to the petitioners. They are even directed to give undertaking. This stays applies only to them and not to others. So till the case reaches finality, u have to discharge service tax. Similar to Bombay HC there is also stay granted by Madras HC on renting of immovable property issue.
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