https://www.taxtmi.com/article/detailed?id=10842 The Tribunal held that a one-time premium paid for obtaining a lease is not chargeable to service tax under renting of immovable property because premium (price for grant of lease) is distinct from rent (payment for use and occupation); service tax applies only to the rent element constituting payment for continuous enjoyment, and therefore charging service tax on the one-time premium was incorrect, leading to the demand being set aside. en-us Wed, 30 Nov 2022 13:32:53 +0530 Wed, 30 Nov 2022 13:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10842 The Tribunal held that a one-time premium paid for obtaining a lease is not chargeable to service tax under renting of immovable property because premium (price for grant of lease) is distinct from rent (payment for use and occupation); service tax applies only to the rent element constituting payment for continuous enjoyment, and therefore charging service tax on the one-time premium was incorrect, leading to the demand being set aside. Articles Service Tax Wed, 30 Nov 2022 13:32:53 +0530 https://www.taxtmi.com/article/detailed?id=10842