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Tag Archives: Service Tax
Service tax on renting of immovable property
The activity of renting immovable properties for commercial use is taxable with effect from 1st June 2007. What is Renting of immovable property Renting of immovable property includes renting, letting, licensing or other similar arrangement of immovable property for use … Continue reading
Posted in Service Tax
Tagged Rental income from commercial property, Service Tax, Service tax on Rent
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Real Estate Developer liable to Service Tax on Residential Construction
Authority for Advance Rulings vide a ruling pronounced on 7th April 2008 has ruled that a Real Estate Developer who is booking, constructing and selling residential units on land owned by him is liable to service tax. Though the rulings … Continue reading
Posted in Service Tax
Tagged real estate, residential property, rulings, Service Tax, taxation
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