https://www.taxtmi.com/forum/issue?id=110355 Conversion charges levied by municipal authorities for change of land use are treated as fees or municipal charges, not taxes, and therefore are not deductible from gross receipts when computing service tax liability for the renting of immovable property service; property tax, however, is an allowable deduction. Some contributors regard conversion charges as capital expenditure (often one time), but the querent reports annual payments-regardless, conversion charges do not qualify as deductible taxes for service tax purposes. en-us Mon, 16 May 2016 11:49:55 +0530 Thu, 23 Jan 2025 15:56:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110355 Conversion charges levied by municipal authorities for change of land use are treated as fees or municipal charges, not taxes, and therefore are not deductible from gross receipts when computing service tax liability for the renting of immovable property service; property tax, however, is an allowable deduction. Some contributors regard conversion charges as capital expenditure (often one time), but the querent reports annual payments-regardless, conversion charges do not qualify as deductible taxes for service tax purposes. Discussion-Forum Service Tax Mon, 16 May 2016 11:49:55 +0530 https://www.taxtmi.com/forum/issue?id=110355