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Service tax on parking - Service Tax

#1 Issue Id: - 763
Dated: 28-4-2008
By:- Manoj
Service tax on parking

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R/ Sir As per amendment in last financial year regarding levy of service tax on Renting of immovabale property. In this context whether service tax leviable on parking:- 1. If parking space( slot) is in basement of building nad given on monthly rent by a commercial company ( like trade towers , malls)i.e exclusive for the use of tenent and their visitor incl. public ? 2. If parking space is for parking of general public on hourly basis ? Whether your answer will vary in the context of proposed changes in this budget? Kindly guide me ? Thanks MAnoj

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#2 Dated: 29-4-2008
By:- V.Ramanujam
I am of the view if parking space is a vacant land/space utilised for parking alone then exclusion is applicable. If the space is part of building and let out along with building premises or used for parking of visitor of the existing business premises, then the amount received would be subject to service tax.
#3 Dated: 30-4-2008
By:- Madhukar N Hiregange
I think that only vacant land given for parking is not liable. Covered parking in all cases wouldbe liable assuming that renting of immovable property itslef is constitutionally valid.

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