renting of immovable property
This query is : Resolved
18 November 2008
hi
i have doubt in renting of immovable property service .where the warehouses are letout for storage of foodgrains,is it taxable under service tax?
actually storage of food grains is exempeted from service tax.
please clarify it
i have doubt in renting of immovable property service .where the warehouses are letout for storage of foodgrains,is it taxable under service tax?
actually storage of food grains is exempeted from service tax.
please clarify it
18 November 2008
Vide circular dated 17.12.07
If the rented immovable property is being used for furtherance of business or commerce, it is liable to service tax. It does not matter whether the Government or private parties rent it.
If the rented immovable property is being used for furtherance of business or commerce, it is liable to service tax. It does not matter whether the Government or private parties rent it.
23 November 2008
thanks ravikumar this is ok.i want clarification about storage of food grains in rented immovable property.
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