dear friends if the Building ownership is in the name of Trust or religious body , wether they can collect service tax?
2 Replies
CA Hemant T Dewani
(Chartered Accountant)
(3356 Points)
Replied 28 January 2008
rentig of immovable property bya religious body and to a religious body is also excluded in the service tax net so they are not collect service tax
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 29 January 2008
A trust owning a building and letting it on rent, is liable to collect service tax if their rent exceeds Rs.8,00,000 per annum.
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