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Whether rental income is attract service tax

Service Tax - Started By: - Mitesh Gandhi - Dated:- 17-2-2017 Last Replied Date:- 20-2-2017 - Dear Sirs,We are the group of companies having two plants in nearby distance with different registration, due to shortage of space one factory has given some ware space to another by preparing lease agreement on token amount as rent, this amount has been reflected in balance sheet as rental income, which is less than 2 lacs yearly,Please advice whether the leassor factory is liable to pay service tax ? .....

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of Notification No.33/12-ST as amended. (vii) where a taxable service provider provides one or more taxable services from one or more premises, the exemption under this notification shall apply to the aggregate value of all such taxable services and from all such premises and not separately for each premises or each services; and (viii) the aggregate value of taxable services rendered by a provider of taxable service from one or more premises, does not exceed ten lakh rupees in the preceding fin .....

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shall not be taken into account. - Reply By Aitha RajyaLakshmi - The Reply = Rental Income is subject to Service tax under the classification of Renting of Immovable Property.If the renting is for Residential Purpose it would fall under Negative list. Since it is for Commercial purpose, Service tax has to be levied. - Reply By Mitesh Gandhi - The Reply = Dear Sirs,thanks for your reply, I would like to inform you that last year there was service tax more than 10 lacs, i.e FY 2014-15, and we had .....

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