Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

renting of co-owned property

Service Tax - Started By: - satbir singh wahi - Dated:- 17-3-2015 Last Replied Date:- 17-3-2015 - Godowns are co-owned by by four persons with definite share 1.m- 35% , a- 20% , p-20%, pj 25%. registered land deeds are executed in their favour individually.2. Rent is received individually with their pan .3. Depatrment has issued SCN to Co-ownership to deposit service tax. Now individually two persons are registered and paying tax.But two have receipts less than 9 lacs so not regi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

whether each owner is eligible for value based exemption - Held that:- the aggregate value of the taxable services rendered should be considered for the purpose of exemption and in the present case if individually all the appellants be considered as provider of such service, their aggregate value does not exceed the threshold limit. - Following Pankajbhai Champaklal Parekh Vs. Commar. Of S.T. Ahmedabad [2012 (11) TMI 252 - CESTAT AHMEDABAD] - Stay granted. No.- Appeal No. ST/11296/13-DB Dated.- .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

of service under the category of Renting of immovable property services . 4. On perusal of the records we find that the appellant is one of the owners of the premises which was rented out to M/s. UDG Ventures; the appellant herein was owner of a particular shop, while there are various other owners who are entered into common Leave and License Agreement with the said M/s. UDG Ventures. Revenues case is that all the persons herein should be considered as a association of persons and liable to di .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| 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