https://www.taxtmi.com/article/detailed?id=6406 Renting of immovable property is a declared taxable service except residential lettings; service tax is charged on the gross amount received for such service, where "renting" includes leases and similar arrangements and "consideration" comprises monetary and non monetary receipts. While periodic rentals are indisputably taxable, the taxability of a one time non refundable lease premium is contested: revenue seeks to tax it as consideration for renting, whereas commentators and some judicial reasoning suggest such lump sum payments may be capital in nature and not taxable as service receipts. en-us Tue, 25 Aug 2015 09:23:19 +0530 Thu, 31 Jul 2025 15:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6406 Renting of immovable property is a declared taxable service except residential lettings; service tax is charged on the gross amount received for such service, where "renting" includes leases and similar arrangements and "consideration" comprises monetary and non monetary receipts. While periodic rentals are indisputably taxable, the taxability of a one time non refundable lease premium is contested: revenue seeks to tax it as consideration for renting, whereas commentators and some judicial reasoning suggest such lump sum payments may be capital in nature and not taxable as service receipts. Articles Service Tax Tue, 25 Aug 2015 09:23:19 +0530 https://www.taxtmi.com/article/detailed?id=6406