for example
my comapany have taken a commercial property on rent and it has sub let this property to other cos.whether my co is liable for service tax on rent recd from sub tanent
narendra khandelwal (service) (204 Points)
21 February 2009for example
my comapany have taken a commercial property on rent and it has sub let this property to other cos.whether my co is liable for service tax on rent recd from sub tanent
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 21 February 2009
Renting of property is taxable. Ownership of property is irrelevant. Who is providing the service of renting is liable to pay service tax. Your company is liable.