does notification number 48 of mega exemption list apply to renting of immovable property also ?
2 Replies
(Guest)
clause 44 of section 65b of service tax act has stated tha services include declare
service declare service means those service which would be deemed as taxable
service and on which service tax has to be paid renting of immovable property has
been speficially mentioned as part of declare service this means , renting of
immovable property is liable to service tax @ 14%
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