02 February 2012
Dear Sir, I am running a educational trust by hiring a building for rent. The landlord is applying service tax on rent. Is it applicable or not.Pl clarify. Naveen Prabhu
02 February 2012
Under Section 65(90a) of Finance Act, 1994 definition of 'renting of immovable property' specifically excludes:
(b) renting of immovable property to an educational body imparting skill or knowledge or lessons on any subject or field other than commercial training or coaching centre
In view of above, If your educational trust falls under above clause then service tax is not applicable.
CAclubindia
