Bookmarks   Feedback   Annual Subscription   New User   Login  
Tax Management India .com   
   TMI - Tax Management India. Com   
Guidelines on safety and security of premises where imported or export goods are loaded, unloaded, handled or stored    *    After GST - Machinery booking on commission    *    Excise Cenvat credit on Electricity Power bill    *    Cenvat credit on water treatment plant    *    LTC exemption for travelling to Sri Lanka    *    Applicability Of Service tax on Liquidated Damages    *    WITH GST CONSTITUTIONAL AMENDMENTS, WHAT NEXT ?    *    Companies Act, 2013-25 Key Highlights    *    status foodgrain pulses and oilseed    *    Service tax exemption for transportation of life saving medicines    *    Goods and GST Bill passed    *    CENVAT CREDIT    *    Employees sent on deputation to subsidiary/ associate companies (Service Tax)    *    GLOW SIGN AND HOARDING    *    Regarding cenvat credit on service tax on rent a cab    *    Potato Chips as Namkeen    *    Central Excise Exemption of ₹ 150 Lakhs    *    Cenvat Credit - refund - export of services - The registration is not the sole criteria for granting refund, so long the other conditions are satisfied, refund shall be granted - Tri    *    CENVAT credit demo cars capital goods input nothing is demonstrated today that a demo car falls in any of the Chapters dealing with capital goods - credit cannot be allowed - Tri    *    Period of limitation - in case duty was required to be paid on the strips, the appellant was entitled to avail credit of duty paid on the granules, which would have neutralized the entire demand on the strips - in this Revenue neutrally background, there could be no malafide on the part of the appellant to evade duty - Tri
 
Discussions Forum
Home Forum Service Tax
← Previous Next →

Applicability of Service tax on Renting of Immovable property - Service Tax

#1 Issue Id: - 1784
Dated: 18-2-2010
By:- chaganti srinivas
Applicability of Service tax on Renting of Immovable property

  • Forum
Dear Sirs, Renting of Immovable property - Based on the judgement of Delhi high court, Kindly provide the present status on the applicability of Service tax on the same. If applicable can i take the exemption of Rs. 8 lacks for calculating the service tax amount during a financial year.

Post Reply

Posts / Replies

 

#2 Dated: 19-2-2010
By:- rishi mohan
Respected sir, the exemption limit in service tax has been exceeded to "ten lakh" from "eight lakh" since 1st April, 2008 as per notification no.8/2008 of Service Tax.In the said notification, for the words "eight lakh rupees", wherever they occur, the words "ten lakh rupees" shall be substituted. In case of renting of immovable property the case is still pending with the supreme court. But as per Delhi high court service tax is further not applicable on renting of immovable property.We shall wait for the decision from the supreme court, but presently renting of immovable property is totally exempted from service tax.
#3 Dated: 20-2-2010
By:- Vijay Chitte
There is no any ammendmend in present taxable services. Delhih HC judgement is still pending in the SC. Being safer side, charge the service tax on renting of immovable property, otherwise, in future, if the Supreme court judgment overuled the Delhi HC hudgment, you have to pay serice tax along with applicable interest also. At present exemption limit is 10 lacks.
#4 Dated: 25-2-2010
By:- MOHAN S
Dear Friends The Delhi High Court has categorically held that no coercive steps should be taken and no letters demanding Service tax on Renting of Immovable property be issued by the Department as Hon.Supreme Court has not granted stay of the Delhi High Court Judgement on this issue. The learned Additional Solicitor General appearing for the Baord (CBEC), assured that corrective steps shall be taken by issuing further instructions, in supersession of earlier instructions, to the officers not to write such letters demanding the payment of service tax or threatening coercive steps.
#5 Dated: 4-3-2010
By:- Rama Krishana
Now, after reading the proposal made through Finance Bill 2010, the renting of immovable property is liable to service tax with retrospective effect and the decision of Delhi High court overruled through the amendment.

Post Reply



 

← Previous Next →
what is new what is new

Advanced Search

Latest Updates

Forum

Featured

Experts

More Options

Communication




|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map || ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version