https://www.taxtmi.com/caselaws?id=360799 The Appellate Tribunal CESTAT Mumbai ruled that non-refundable one-time premium deposits in the leasing of premises of a Government local authority are not subject to Service Tax under the category of renting of immovable property. The Tribunal distinguished between rent and one-time premiums, emphasizing that tax is applicable only on the rent component for continuous enjoyment under a lease. Relying on precedent, the Tribunal set aside the impugned order, determining that such deposits are not taxable under the relevant provisions. The judgment, issued on 16.05.2018, favored the appellant, establishing the non-taxability of such deposits in this context. en-us Wed, 16 May 2018 00:00:00 +0530 Wed, 23 May 2018 07:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360799 The Appellate Tribunal CESTAT Mumbai ruled that non-refundable one-time premium deposits in the leasing of premises of a Government local authority are not subject to Service Tax under the category of renting of immovable property. The Tribunal distinguished between rent and one-time premiums, emphasizing that tax is applicable only on the rent component for continuous enjoyment under a lease. Relying on precedent, the Tribunal set aside the impugned order, determining that such deposits are not taxable under the relevant provisions. The judgment, issued on 16.05.2018, favored the appellant, establishing the non-taxability of such deposits in this context. Case-Laws Service Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360799