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BISWA RANJAN JATI (Querist)
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03 May 2011 WE have some commercial properties which is in the name of our director, if we want to transfer the said properties to a private trust does the registration under the service tax act necessary for the trust ( as the commercial rent of immovable property comes under the ambit of service tax).

KIndly guide me.

Thanks & Regards

Biswa ranjan Jati

ADITYA

ADITYA (Expert)
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20 May 2011 To transfer the owner-ship of the property is nothing to do with Service Tax . It has to be registered with The Registrar of Assurances,and appropriate Stamp Duty will be attreacted on the transaction.