Service tax on rent

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hemanth kumar (Querist)
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05 November 2012 Dear Sir,

I have a doubt that is Service tax is applied on rent or not , if so what are the sections applicable on it , kindly explain me...

@VaibhavJ

@VaibhavJ (Expert)
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05 November 2012 Hi

Yes, Service Tax is applicabnle if property rented for commercial purpose.

Refer link for clarity:

http://www.simpletaxindia.net/2012/06/service-tax-on-renting-of-immovable.html

http://www.servicetax.gov.in/notifications/notfns-2012/st29-2012.htm

Thanks//Vaibhav Click thank button to convey your appreciation.

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CA. Hari Kishan

CA. Hari Kishan (Expert)
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05 November 2012 Service tax on commercial purposes renting of immovable property is applicable as per the new NEGATIVE list of service tax .. (Eg. Even if a residence premises is let out for Commercial purpose.. service tax shall be applicable and payable)

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