Renting of Immovable property

This query is : Resolved 

17 February 2009 dear all,

A partnership firm having transport business gives one of property to his sister concern & charge rent per month which is exeeding 10 Lacs pa.my query is whether firm is required to registered in service tax because renting of property is not firm`s business,its not a normal business transaction.

as per definition of service as per my understanding service tax on renting of property is applicable only when renting of property is our regular business transaction.

pl let me clear fast



Thanks




03 March 2009 Service Tax is payable, if the property is rented for commercial/industrial purposes.



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