Srevice tax on rent by trust

rajesh HT B.Com.,PGDFM.,CA(F) (Article Assistant) (214 Points)

28 January 2008

dear friends, if the building is in the name of trust or religious body then, whether they can collect Service tax on rent on such building?

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2 Replies

M.Sriram Shenoy (CA Final) (814 Points)
Replied 11 February 2008

If the building is let on rent by the trust and such rental income exceeds Rs.8 lacs per annum, then they are liable to collect service tax @ 12.36%

Dayal (Gen. Manager - Indirect Taxation) (3434 Points)
Replied 18 February 2008

Yes by all means, as it gets covered under business and commerce definition The trust is not restricted from provding any taxable services

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