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Renting of Immovable Property

Service Tax - Declared Services - 01 - Chapter 1 Effective date: 1.7.2012 Scope of Declared Service - Section 66E (a) Meanings and Definitions: Section 65B(41) - "renting" means allowing, permitting or granting access, entry, occupation, use or any such facility, wholly or partly, in an immovable property, with or without the transfer of possession or control of the said immovable property and includes letting, leasing, licensing or other similar arrangements in respect of immovable pr .....

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ng covers all types of . Along with renting, it covers letting, leasing, licensing and any other similar arrangements of immovable property. As per this service, use of immovable property has no relevance i.e. the service tax is payable even if immovable property is not used for business or commerce. The essential condition of this service is that there should be i.e. renting, letting, licensing and any other similar arrangement should be of immovable property. As per above meaning of immovable .....

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nding timber, growing crops or grass. Some types of renting of immovable properties have been covered in negative list and exemption notification i.e. there will be no service tax even if it includes . So, a particular type of renting would be taxable or not has to be seen in the light of other exemption notifications and the Negative list of services. Clarification by the Board (Taxation Guide - Guidance Note -6 - Exemptions dated 20.06.2012) 6.1.1 Is renting of all kinds of immovable propertie .....

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. 6.1.2 Are there any exemptions in respect of ? Yes. These are:- Threshold level exemption up to ₹ 10 lakh. Renting of precincts of a religious place meant for general public. Renting of a hotel, inn, guest house, club, campsite or other commercial places meant for residential or lodging purposes, having declared tariff of a room below rupees one thousand per day or equivalent. Renting to an exempt educational institution 6.1.3 Would permitting usage of a property for a temporary purpose .....

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