lease rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2010
Whether service tax will be charged on lease rent?
Please do the favour as soon as possible.
Whether service tax will be charged on lease rent?
Please do the favour as soon as possible.
13 August 2010
Matter is subjudice...
Though the Govt. has added a service category "Renting" in the Budget,2010 to include renting into service tax net.
However, Delhi High Court has issued a stay order on levying any service tax on rent on immovable property in case of Home Solutions retails Ltd Vs UOI.# W.P (C)3398/2010 dated 18/5/10.
So till the matter is finally decided, you can stop charging such service tax.
But you to remind your client one thing that, in case the case is decided & service tax be levied retrospectively, it will be recovered from them.
Though the Govt. has added a service category "Renting" in the Budget,2010 to include renting into service tax net.
However, Delhi High Court has issued a stay order on levying any service tax on rent on immovable property in case of Home Solutions retails Ltd Vs UOI.# W.P (C)3398/2010 dated 18/5/10.
So till the matter is finally decided, you can stop charging such service tax.
But you to remind your client one thing that, in case the case is decided & service tax be levied retrospectively, it will be recovered from them.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
