No Service tax on notional interest on security deposit for rented premises

Bimal Jain | Last updated: 27 July 2013

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We are sharing with you an important judgement of the Honble CESTAT, Mumbai in the case ofMagarpatta Township Development Construction Co. Ltd. Vs CCE[2013-TIOL-1068-CESTAT-MUM]on the following issue: Issue: Whether service tax is required to be paid on notional interest on security deposit taken for premises rented out on lease? Facts Background: M/s Magarpatta Township Development Construction Co. Ltd. (theAppellant) is a service provider engaged in renting of imm

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Bimal Jain

Service

FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more

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