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2018 (2) TMI 840 - AT - Service TaxRenting to Immovable Property Service - parking fees collected from various persons who used the premise of the appellant to park vehicles - Held that: - The parking facility availed by various visitors to the mall is not in furtherance of any business or commerce as the other party is not involved in any such activity. However, the owners of the shop/ and their employees are availing the parking facility for which monthly consideration is collected by the appellant along with the rent payable for the said shops and premises - the consideration attributable to such income is liable to be taxed. CENVAT credit - banking and other financial services availed by the appellant during the course of raising finance for the construction of the mall which is further used by the appellant for business or commerce - Held that: - we are in agreement to the appellant that the finance arrangement is attributable to the appellant’s creation of the mall which are regularly used for providing taxable output service. Such finance is with reference to the business of the appellant and will be covered as input service - credit allowed. Appeal allowed in part.
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