service tax on co-owned immovable property

[satbir singhwahi]

Sir

PLs give the latest high court decision in this regard.

AI Summary

Service Tax Implications for Co-Owned Property: Individual Assessment vs. Association of Persons (AOP) Debate A discussion on service tax implications for co-owned immovable property, initiated by an individual, sought clarity on whether such properties should be assessed as an Association of Persons (AOP). Despite a senior professional's seminar claim, the querist questioned this assessment when rent is received individually with distinct PANs and bank accounts. A referenced CESTAT Mumbai judgment was not accepted by the Additional Commissioner and Commissioner Appeals. Another contributor noted that AOP is not liable for service tax, emphasizing the importance of demonstrating separate ownership and tax filings. The discussion also mentioned a DGST letter relevant to the issue.