>ALTHOUGH the finance bill has got accent of the president do we need to wait till issuance of notification regarding taxability of renting per se.
> THE SERVICE TAX IS TO BE PAID FOR THE PERIOD 1.4.2009 TO 31.3.2010. > > IF 4 CHALLANS NEEDS TO BE DEPOSITED FOR 4 QUARTER FALLING IN ABOVE PERIOD > > IF 2 SERVICE TAX RETURNS ARE TO BE FILED FALLING IN ABOVE PERIOD > > IF 2000/- EACH RETURN IS TO BE PAID FOR LATE FILING OF ABOVE RETURNS > > PL GUIDE ANY OTHER ISSUE TO BE TAKEN CARE FOR DOING COMPLIANCE FOR SERVICE TAX ON RENT PE
24 May 2010
Many companies have filed writ. The Delhi HC has again stayed the levy. More states would follow.
The aspect of rent not being a service at all was not addressed by the retrspective amendment.Further whether a state subject ? is a question still unanswered.
May not be retrospective in its applicability which also would be agitated.
CAclubindia
