service tax on rent

Service tax on long term lease of Immovable property inconsistent with other laws

Service Tax - Service tax payable on long term lease of Immovable property under Renting of Immovable Property – not in sync with Service tax Act, Accounting Standard, Bombay Stamp Act & Income Tax Act ...

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Service Tax on Rent-A-Cab Service – A Guide

Service Tax - 1. Definition and Scope of Rent-A-Cab Service 1.1 What is Rent- A-Cab Service? Rent-A-Cab Service means renting of any motor vehicle designed to carry passengers!!! 1.2 What??? I haven’t heard or read such a definition anywhere? Correct, but let me explain – As per Finance Act, 1994 the relevant definitions contained in Section 65...

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Service Tax on Renting of Immovable Property – Section 66E(A)

Service Tax - Renting has been defined w.e.f. 1.7.2012 in section 65B(41) as allowing, permitting or granting access, entry, occupation, usage 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 ar...

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Adjustment of Excess Service Tax paid In Case Of Non-Deduction of Property Tax from Rental Income

Service Tax - For those assesses who are liable to pay service tax on their income from renting on immovable property, the Central Government vide Notification No. 29/2012-ST, dated 20th June, 2012 and w.e.f. 1st day of July, 2012 has exempted the taxable service of renting of an immovable property, from so much of the service tax leviable thereon un...

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Pay your Service Tax Dues before 27th of November

Service Tax - Renting of Immovable Property is one such tax under the net of Service Tax law. The levy was under controversy since years and eventually turned off as deemed levy and adding more pain levied from retrospective date. However for rehabilitation of service tax law in this regard the Section 80(2) was introduced in budget 2012-13....

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Renting of Immovable Property – HC extends Stay

Service Tax - Bombay High Court has extended the Stay until 30th September 2011, in the famous renting case – Retailers Association of India and others v Union of India . ...

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Bombay HC upholds Service Tax on Renting of Immovable property

Service Tax - Bombay High Court, while disposing a batch of writ petitions filed by The Retailers' Association of India along with the Confederation of Real Estate Developers' Association of India and Multiplex Association of India, upheld the constitutional validity of levy of service tax on renting of immovable property with its retrospective amendme...

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Service Tax on Renting of Commercial Immovable Property – Delhi High Court on 26.04.2011

Service Tax - When the Court assembled today, Ms. Sonia Sharma, representing UOI, rose to inform the Court that Mr. A.S. Chandiok, ASG, was indisposed (food poisoning). The matter thereupon was adjourned to 9th May. It was however, made clear by CJ Mr. Dipak Misra that no more adjournments would be granted. In case, any one else is unable to cause app...

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SC stays Delhi High Court order on recovering service tax on renting of immovable property for commercial use

Service Tax - The Supreme Court has stayed an order of the Delhi High Court, which stopped the Centre from recovering service tax on renting of immovable property for commercial use, including shops and malls, from some firms. A Supreme Court bench comprising Just...

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Assocham asks for exemption from service tax on rentals

Service Tax - Industry body Assocham on Thursday asked the government to provide exemption or concession on service tax on rentals to help the retail sector, besides scrapping the levy on dividend received by a subsidiary of a company. Representatives of the indus...

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Pay Service Tax with interest on Renting of Immovable Property by 27.11.2012 to avoid penalty

If you have put your immovable property on rent for use in furtherance of business or commerce and annual rent amount, alone or with the amount of other taxable services, exceeds Rs. 10 lacs and further, you have any service tax amount related to such renting due since 1st June, 2007, you have an op...

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Service Tax on Renting- Retrospective amendment are within power of Parliament

In view of various decision of Supreme Court it cannot be accepted that Union of India has no authority or power to levy service tax on renting of immovable property. The imposition of service tax on renting of immovable property was within the legislative competence of the Parliament and it does no...

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SC asks retailers to pay 50% of outstanding service tax

Supreme Court on 14.10.2011  modified it’s earlier stay order of 28.9.2011 in the SLP filed by petitioners Retailers Association of India v. UOI against the Bombay High Court order that had upheld renting as a service with retrospective effect.Petitioners are now required to pay half of their...

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Delhi HC – Service Tax on Renting of Property Valid ; Endorses views of HCs of P&H, Orissa,Gauhati, Bombay, Gujarat

Delhi High Court has upheld the constitutional validity of Service Tax on renting of immovable property with retrospective effect While upholding the levy of Service Tax on Renting, their Lordship has left open the question of imposition of penalty for period prior to 2010 to be examined by the Govt...

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Service tax on Renting – Delhi HC Reserves the Judgement – Copy of Rejoinder submitted

Delhi HC Reserves the Judgement in the case related to applicability of of service tax on renting of immovable Property on 20.05.2011 after hearing the submission of by way of rejoinder from Sr. Counsels Mr. Abhishek Manu Singhvi, Mr. S. Ganesh and Mr. PK Sahu, Advocate (a fromer IRS officer). To ...

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Instruction regarding judgement of Delhi HC in respect of Service Tax on Renting of immovable property

Instruction F.No 336/10/2009-TRU - (15/07/2009) - Kind attention is invited to the recent judgement of the Honourable High Court of Delhi in the matter of Home Solutions Retail India Ltd and Others Vs Union of India [2009] 20 STT 129 (Delhi) , wherein it is held (Para 36 of the order) that, "Section 65(105)(zzzz) does not in terms entail that the r...

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Recent Posts in "service tax on rent"

Service tax on long term lease of Immovable property inconsistent with other laws

Service tax payable on long term lease of Immovable property under Renting of Immovable Property – not in sync with Service tax Act, Accounting Standard, Bombay Stamp Act & Income Tax Act ...

Read More
Posted Under: Service Tax |

Service Tax on Rent-A-Cab Service – A Guide

1. Definition and Scope of Rent-A-Cab Service 1.1 What is Rent- A-Cab Service? Rent-A-Cab Service means renting of any motor vehicle designed to carry passengers!!! 1.2 What??? I haven’t heard or read such a definition anywhere? Correct, but let me explain – As per Finance Act, 1994 the relevant definitions contained in Section 65...

Read More
Posted Under: Service Tax |

Service Tax on Renting of Immovable Property – Section 66E(A)

Renting has been defined w.e.f. 1.7.2012 in section 65B(41) as allowing, permitting or granting access, entry, occupation, usage 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 ar...

Read More

Adjustment of Excess Service Tax paid In Case Of Non-Deduction of Property Tax from Rental Income

For those assesses who are liable to pay service tax on their income from renting on immovable property, the Central Government vide Notification No. 29/2012-ST, dated 20th June, 2012 and w.e.f. 1st day of July, 2012 has exempted the taxable service of renting of an immovable property, from so much of the service tax leviable thereon un...

Read More
Posted Under: Service Tax |

Pay your Service Tax Dues before 27th of November

Renting of Immovable Property is one such tax under the net of Service Tax law. The levy was under controversy since years and eventually turned off as deemed levy and adding more pain levied from retrospective date. However for rehabilitation of service tax law in this regard the Section 80(2) was introduced in budget 2012-13....

Read More

Pay Service Tax with interest on Renting of Immovable Property by 27.11.2012 to avoid penalty

If you have put your immovable property on rent for use in furtherance of business or commerce and annual rent amount, alone or with the amount of other taxable services, exceeds Rs. 10 lacs and further, you have any service tax amount related to such renting due since 1st June, 2007, you have an opportunity to pay such due with interest ...

Read More
Posted Under: Service Tax |

Service Tax on Renting- Retrospective amendment are within power of Parliament

In view of various decision of Supreme Court it cannot be accepted that Union of India has no authority or power to levy service tax on renting of immovable property. The imposition of service tax on renting of immovable property was within the legislative competence of the Parliament and it does not fall within the legislative competence...

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Renting of Immovable Property Service – developments and Issues

Renting of Immovable property service is one among the services which has huge implication as to the coverage of number of assessees and the quantum of revenue collection. The levy came in to effect from 01-06-2007. Since renting is not a service in common parlance coupled with power to levy taxes on immovable properties is under state li...

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Section 80A – Another way to trap Renting service providers

Recent Budget has introduced a Section 80A for waiver of penalty subject to following conditions – Service tax due on renting of immovable property service is paid within a period of six month along with interest. The amount of service tax due will be as on 6.3.2012....

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Posted Under: Service Tax |

SC asks retailers to pay 50% of outstanding service tax

Supreme Court on 14.10.2011  modified it’s earlier stay order of 28.9.2011 in the SLP filed by petitioners Retailers Association of India v. UOI against the Bombay High Court order that had upheld renting as a service with retrospective effect.Petitioners are now required to pay half of their liabilities in the next six months in t...

Read More
Posted Under: Service Tax |
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