https://www.taxtmi.com/caselaws?id=371487 The Tribunal held that notional interest on a security deposit should not be added to the monthly rent for the purpose of service tax calculation on renting of immovable property. The lease agreement was executed before renting became a taxable service, and the fixed monthly rent was not influenced by the security deposit. Therefore, the Tribunal set aside the order imposing service tax, allowing the appeal and granting the appellant relief in accordance with the law. en-us Tue, 20 Nov 2018 00:00:00 +0530 Wed, 05 Dec 2018 06:36:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371487 The Tribunal held that notional interest on a security deposit should not be added to the monthly rent for the purpose of service tax calculation on renting of immovable property. The lease agreement was executed before renting became a taxable service, and the fixed monthly rent was not influenced by the security deposit. Therefore, the Tribunal set aside the order imposing service tax, allowing the appeal and granting the appellant relief in accordance with the law. Case-Laws Service Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371487