Service Tax on Rent-Immovable property
This query is : Resolved
23 November 2010
Can anyone tell me what is the status of Service tax on Rent-Immovable property
23 November 2010
In order to clarify the legislative intent and also bring in certainty in tax liability the activity of renting of immovable property per se would constitute a taxable service.This amendment is being given retrospective effect from 01.06.2007 in the Budget 2010.
Hence the service tax needs to be collected from the tenants & deposited to the credited of Central Government.
Hence the service tax needs to be collected from the tenants & deposited to the credited of Central Government.
23 November 2010
Pl read the AP High Court decision in
http://www.accommodationtimes.com/real-estate-news/service-tax-on-renting-of-immovable-properties-ap-high-court-stays-retrospective-amendment/
http://www.accommodationtimes.com/real-estate-news/service-tax-on-renting-of-immovable-properties-ap-high-court-stays-retrospective-amendment/
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