LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Service tax on commercial rent

(Querist) 21 September 2012 This query is : Resolved 
Experts
pl. advise on the following:

We find from notification no. 24/2007 that commercial rent which is in the ambit of service tax net has exemption to the actual amount of property tax paid.

Service tax is a DIRECT tax, which is collected and paid; where the property tax is not actually passed on the lessee;

In such cases, how a service tax assessee can claim the service tax on the property tax.

Is this exemption really applicable?
Pl. advise and suggest
Sadashiv Rupchand Gaikwad (Expert) 30 September 2012
Only commercial premises are covered at service tax,no resendential premises


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :