Renting/leasing of immovable property service: deposit half arrears and furnish solvent surety to secure the stayed balance. Supreme Court directed deposit of 50% of service tax arrears on renting/leasing of immovable property in three instalments, provision of a solvent surety for the remaining 50% to the satisfaction of the jurisdictional Commissioner, and individual affidavits undertaking payment of the stayed balance; interest on stayed amounts is reserved for the successful party. The Trade Notice mandates submission of landlord and tax details, challan proof of payments, a bank guarantee or prescribed solvency certificate, and execution of a prescribed General Bond for compliance.
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Provisions expressly mentioned in the judgment/order text.
Renting/leasing of immovable property service: deposit half arrears and furnish solvent surety to secure the stayed balance.
Supreme Court directed deposit of 50% of service tax arrears on renting/leasing of immovable property in three instalments, provision of a solvent surety for the remaining 50% to the satisfaction of the jurisdictional Commissioner, and individual affidavits undertaking payment of the stayed balance; interest on stayed amounts is reserved for the successful party. The Trade Notice mandates submission of landlord and tax details, challan proof of payments, a bank guarantee or prescribed solvency certificate, and execution of a prescribed General Bond for compliance.
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