TaxTMI 
TaxTMI 
is service tax applicable on rent present?
20 Jan 2011 
2 Replies 
4877 Views Asked by
Service tax on renting of immovable property: applies when property is used for business, taxable after property tax deduction.
Service tax applies to renting of immovable property services where the property is used in the course or furtherance of business or commerce; the taxable value is the rental amount received less the actual property tax paid to the local authority as permitted by the applicable exemption mechanism. (AI Summary)
Service tax applies to renting of immovable property services where the property is used in the course or furtherance of business or commerce; the taxable value is the rental amount received less the actual property tax paid to the local authority as permitted by the applicable exemption mechanism. (AI Summary)
Dear Sirs, i have one doubt i.e., is service tax applicable on rent present? is there any exemption of service tax on rent? pls. give your valuable replies on this issues. thanks to all advance.---__--- BENARJEE GOVADA