Reverse charge for renting of building

No,letting of property by NRI doesn't means that the serv receiver(PVT CO) is importing the service because import should be taken to mean as service rec from outside the India and it has no bearing that who provides the serv. From outside India.for e.g.-If the Audit of a Indian co. is done by a CA firm outside Ind then it will be termed as import of serv by Ind co and sec 66A will come into the picture.Hope it will be clear.

Thanks Saurabh...

But as per my understanding of Rule 3(1)(i) of Taxation of services (Recd from outside india) Rules [Import Rules], it is given that any of the following services provided in relation to immoveable properties situated in India shall be deemed to be import of service;

and in the list 'zzzz' is given, i.e., renting of immoveable property for commercial use...

 

And in taxmann's book, it is given that if service provider is having a normal place of residence outside india, then the service receiver should pay the service tax.

 

So can u throw some light on this, its having me little confused...? Any other experts comments or references are most welcome.

Thanks in advance..