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2018 (8) TMI 247 - AT - Service TaxRenting of Immovable Property Service - notional interest accruing on the lumpsum amounts received by the appellant from M/s Vibrant Academy (India) Pvt. Limited. - The case of the Department is that in addition to the service tax payable on the rent, the liability for the tax also extends to the notional interest accruing on the lumpsum deposit received by the appellant from the lessee - Held that:- Such a stand is not justified particularly in view of the decision of the Tribunal in the case of Murli Realtors Pvt. Ltd. [2014 (9) TMI 461 - CESTAT MUMBAI], where it was held that notional interest on interest free security deposit cannot be added for the purpose of levy of service tax on renting of immovable property. There is no justification for inclusion of the notional interest in the consideration for payment of service tax - appeal allowed - decided in favor of appellant.
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