Supreme Court permits waiver of service tax balance on rent for immovable property services

The Supreme Court allowed the waiver of the balance amounts of service tax liability on rent received for immovable property services from 2007-08 to 2011-12. The appellant began paying taxes after October 2011 following the court's direction, and the service recipient deposited 50% of the rent and executed a surety bond. The court granted a stay on recovery until the appeal was disposed of.

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The case involved the discharge of service tax liability on rent received for renting immovable property services from 2007-08 to 2011-12. The appellant started paying tax post-October 2011 as per Supreme Court's direction. The service recipient deposited 50% of rent and executed a surety bond. The court allowed waiver of balance amounts and stayed recovery until appeal disposal.

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