Long-Term Lease Premium & Car Parking charges not liable to Service Tax: CESTAT Kolkata

AMP Universal Realty Pvt. Ltd. Vs Commissioner of Service Tax Audit (CESTAT Kolkata) Sub: Whether Long term lease premium, car parking charges, are liable for service tax under the head Renting of immovable property and connected issues. Beneficial judgement for real estate players who have declared lease hold transfer of property under the head construction service. The Hon’ble Division bench of CESTAT Kolkata was considering the levy of service tax in respect of AMP Vaishakhi Mall which was constructed in Kolkata and which was interalia transferred by way of long term lease and service tax...