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Whether ST applicable for Ganite Quarry land given on lease?

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(Querist)
04 August 2010 Friends,

Whether Service tax is applicable to granite Quarry land given on lease or rent?

the lease amount is Rs 40 lakhs.

Please help me guys..
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
04 August 2010 Yes, it is liable under ST as renting of immovable property service.
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Indudhar

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Indudhar (Querist)
05 August 2010 Thanks Sir, But does quarrying comes under the definition of mining, if yes then is it exempt?
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
05 August 2010 Yes, it is outside the purview of service tax net. if it is under the definition of mining.

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