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    <title>Applicability of Service tax on rent income</title>
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    <description>Applicability of service tax on rent depends on use and payer: rent paid by a firm for an executive&#039;s accommodation may be taxable if the premises are used in the course of furtherance of business or for both official and residential purposes; the lease agreement must be examined. Employer-paid rent treated as part of employment perks can attract service tax, with the firm able to claim Cenvat Credit if eligible. Rent paid directly by the employee (even if reimbursed) or premises used solely for residential purposes are ordinarily exempt.</description>
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      <title>Applicability of Service tax on rent income</title>
      <link>https://www.taxtmi.com/forum/issue?id=745</link>
      <description>Applicability of service tax on rent depends on use and payer: rent paid by a firm for an executive&#039;s accommodation may be taxable if the premises are used in the course of furtherance of business or for both official and residential purposes; the lease agreement must be examined. Employer-paid rent treated as part of employment perks can attract service tax, with the firm able to claim Cenvat Credit if eligible. Rent paid directly by the employee (even if reimbursed) or premises used solely for residential purposes are ordinarily exempt.</description>
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      <pubDate>Fri, 18 Apr 2008 13:25:19 +0530</pubDate>
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