https://www.taxtmi.com/highlights?id=86549 The CESTAT dismissed the appellant's challenge to service tax levied on one-time premium collected for renting immovable property. Following the Allahabad HC decision in Greater Noida Industrial Development Authority case, the Tribunal held that letting immovable property for consideration determined through public offers constitutes a taxable service, not a statutory function or public service. The Tribunal rejected the appellant's argument regarding threshold exemption limits under Notification No. 4/2007-ST, finding that both one-time premium ("salami") and recurring rent are subject to service tax under the renting of immovable property service category, with the exemption limit applying to their combined total. en-us Mon, 17 Mar 2025 07:42:05 +0530 Mon, 17 Mar 2025 07:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86549 The CESTAT dismissed the appellant's challenge to service tax levied on one-time premium collected for renting immovable property. Following the Allahabad HC decision in Greater Noida Industrial Development Authority case, the Tribunal held that letting immovable property for consideration determined through public offers constitutes a taxable service, not a statutory function or public service. The Tribunal rejected the appellant's argument regarding threshold exemption limits under Notification No. 4/2007-ST, finding that both one-time premium ("salami") and recurring rent are subject to service tax under the renting of immovable property service category, with the exemption limit applying to their combined total. Highlights Service Tax Mon, 17 Mar 2025 07:42:05 +0530 https://www.taxtmi.com/highlights?id=86549