Service tax applicability - Property leased

[Guest]

whether any property leased to company by an Individual attarcts Service tax?

[Surender Gupta]

Individual is not an exception. Any person who is engaged in services of letting of commercial property is liable to pay service tax.

AI Summary

Service tax on commercial property leasing applies to any person letting property, including individuals, as a taxable service. Letting of commercial property is a taxable service and attracts service tax when property is leased to a company; an individual lessor is not exempt and any person engaged in letting commercial property is liable to pay service tax.