https://www.taxtmi.com/article/detailed?id=64 Renting of immovable property is taxable as a service for uses in furtherance of business or commerce; liability is on the service provider (owner/lessor) and tax is levied on the gross rent charged, with deduction allowed only for property tax actually paid and apportioned where periods differ. If consideration for taxable and non taxable uses cannot be segregated, the whole amount is taxable, though general exemptions and CENVAT credit on inputs, capital goods and input services are available; adjustments for later property tax payments are permitted under specified rules. en-us Wed, 13 Jun 2007 00:00:00 +0530 Thu, 12 Mar 2009 10:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=64 Renting of immovable property is taxable as a service for uses in furtherance of business or commerce; liability is on the service provider (owner/lessor) and tax is levied on the gross rent charged, with deduction allowed only for property tax actually paid and apportioned where periods differ. If consideration for taxable and non taxable uses cannot be segregated, the whole amount is taxable, though general exemptions and CENVAT credit on inputs, capital goods and input services are available; adjustments for later property tax payments are permitted under specified rules. Articles Service Tax Wed, 13 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=64