TMI BlogRenting of immovable property.X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir , A party received refundable security deposit in addition to monthly rental . Wheather the amout received as refundable security deposit is chargeable to Service tax or is exempted? - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By Rajagopalan Ranganathan - The Reply = Sir, As per para2.2.8 (5) of Guidance Note 2 of Annexure A of D. O. F. No 334/1/2012-TRU,dated 16th March, 2012 (Education Guide issued by CBEC) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Returnable deposit is in the nature of security and hence do not represent consideration for service. - Reply By Ganeshan Kalyani - The Reply = I agree with the views of Sri Rajagopalan Sir. but ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if that deposit is adjusted against the service then it would tantamount to consideration for service and liable to service tax. Thanks . - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Deposit is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... only for security and not for consideration for the service provided or to be provided. Therefore it is not liable to service tax. - Renting of immovable property. - Query Started By: - MANASH MUKH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ERJEE Dated:- 29-10-2016 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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