Service Tax on Rent: Co-Owners Not One Entity for Threshold Calculation

Goutam Mukherjee Vs Commissioner of Central Excise And Service Tax (Calcutta High Court) In the case of Goutam Mukherjee vs. Commissioner of Central Excise and Service Tax, the Calcutta High Court considered several substantial questions of law concerning the levy of service tax on rental income received by co-owners of immovable property. The appellant challenged the treatment of consolidated rent received from M/s. Vishal Retail Ltd., which was routed through a common bank account as per a Tripartite Loan Agreement with the State Bank of India for repayment of a jointly availed housing loan....