Please Help: service tax
Posted Date : 14-Jun-2011 , 04:08:49 am | Posted By Amit Goel
whether service tax applicable on rented of immpvable property
Category : Service Tax | Answers : 4 | Comments : 6 | Hits : 841
Answers
Answer By: CA VIKAS JAIN
no service tax is not applicable on rent a immovable property.
Answer By: Anjali Arora
No
Answer By: Vaneet Gupta
Yes
Answer By: Vaneet Gupta
Yes
Comments
CA. Sachin Data
15-Jun-2011 , 10:48:22 amIt depends on what type of property it is.... There are certain exclusion from the scope of levying service tax on immovable property.
OSP
15-Jun-2011 , 03:35:32 amYes, "Renting of Immovable property Service" Sec.65(90a) If immovable property use in course or furtherance of business or commerce. But does not include- 1. Vacant land solely used for agriculture, Farming, Forestry, animal husbandry, mining purpose. 2. Vacant land, where or not having facilities clearly incidental to the use of such vacant land. 3. Land use for educational, sports circus, entertainment and parking purpose. 4. Building use solely for residential purpose and buildings used for the purpose of accommodation, including hotels, boarding house, holiday accommodation, tents, camping facilities. If Immovable property partly used for business and partly for residence is deemed to be commercial.
BINDU KUMAR JHA
17-Jun-2011 , 07:51:34 amI think the above given answer is wrong. As this is now liable to service tax under "Renting of Immovable Property" service
rajat bhatia
25-Jun-2011 , 01:52:36 amYES, SERVICE TAX IS APPLICABLE ON RENTING OF IMMOVABLE PROPERTY PROVIDED IT HAS BEEN RENTED FOR BUSINEES OR COMMERCE PURPOSE i.e AS A COMMERCIAL PROPERTY. HOWEVER THERE ARE SOME EXCLUSIONS e.g. VACANT LAND ETC. SO I WUD SUGGEST U READ SECTION 65(105)(zzzz).
P@V@N
28-Jun-2011 , 05:22:24 amyes service tax is applicable on rent a immovable property.
P@V@N
28-Jun-2011 , 05:23:43 amyes service tax is applicable on rent a immovable property.but tds is not applicable on service tax amount