Rent immovable properties

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

08 January 2013 Respected Sir / Mam

If a land lord give his premises to an institute , who provide teaching facility /courses for entrance exam of Medical or Non-medical . Whether the land lord is liable to registered himself under service tax “ Rent on immovable properties” . His annual rental income above 10 Lacs and building is commercial.

Jinesh Bhagdev

Jinesh Bhagdev (Expert)
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08 January 2013 Yes.. If the income crosses 10 lakhs, the landlord will be required to register under service tax, collect appropriate service tax and deposit the same.

Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2013 Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 25/2012-Service Tax
New Delhi, the 20th June, 2012
G.S.R……(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Act) and in supersession of notification number 12/2012- Service Tax, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) videnumber G.S.R. 210 (E), dated the 17th March, 2012, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the following taxable services from the whole of the service tax leviable thereon under section 66B of the said Act, namely:-

9. Services provided to or by an educational institution in respect of education exempted from service tax, by way of,-
(a) auxiliary educational services; or
(b) renting of immovable property;

http://www.servicetax.gov.in/notifications/notfns-2012/st25-2012.htm

see the point no. 9 B

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