Service tax applicable

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vaibhav (Querist)
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11 May 2013 we are paying 30000 per month as rent for godawn,
in above condition service tax is applicable?
if yes give details.

CA Vikas Acharya

CA Vikas Acharya (Expert)
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11 May 2013 TAXABLE. payable by provider of service. not receiver.
Under:
renting of immovable property. 66E(a)

not exempt because only residential property for residential purpose is exempt under negative list 66D

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vaibhav

vaibhav (Querist)
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11 May 2013 thanks,

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vaibhav

vaibhav (Querist)
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11 May 2013 Are there available any exemptions in respect of renting of immovable property?

CA Vikas Acharya

CA Vikas Acharya (Expert)
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11 May 2013 UNDER NOTIFICATION 25/2012

5. Services by a person by way of-
(a) renting of precincts of a religious place meant for general public; or

(b) conduct of any religious ceremony;

9. Services provided TO an educational institution in respect of education exempted from service tax, by way of,-

(a) auxiliary educational services; or
(b) renting of immovable property;

18. Services by way of renting of a hotel, inn, guest house, club, campsite or other commercial places meant for residential or lodging purposes, having declared tariff of a unit of accommodation below rupees 1000 per day or equivalent;