Friends,
Whether Service tax is applicable to granite land given on lease or rent?
the lease amount is Rs 40 lakhs.
If yes then at what rate and who should pay it...
Please help me guys..
2 Replies
Harpreet
(* * * * * *)
(1670 Points)
Replied 19 July 2010
as per my knowledge the service tax is applicable on the same. liability to pay the service tax is on who give the same on lease or rent.
Ganesh
(CA)
(111 Points)
Replied 21 July 2010
Dear Indudhar,
If you look at the definition of Immovable Property as per section 65 (105)(zzzz), it specifically excludes Vacant land solely used for Mining purposes. Hence, mining activities will not be under the purview of tax on Renting of Immovable Property.
Ganesh.
Recent Topics
- Two GSTN under different PAN in same address
- Form 15CA 15CB Excel Format Download
- Treatment of Unamortized Preliminary Expenses as p
- Withdrawal of Excess Deposit from CGAS Account 
- IMS ACTION
- Adjustment GST Duty
- Entry and GSTR3B for Google Invoices
- SAC CODE FOR MATRIMONIAL WEBSITE
- Jewellery and precious stones as assets and its va
- Import of goods/service -ITC reversal if payment n
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
