TaxTMI 
TaxTMI 
Liability of service tax on letout property
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....iability of service tax on letout property<br> Query (Issue) Started By: - shyamal roychowdhury Dated:- 10-3-2008 Last Reply Date:- 13-3-2008 Service Tax<br>Got 2 Replies<br>Service Tax<br>This is reg....
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....arding service tax on letout prpperty for use as guest house . My client which is delhi based pvt co gives one of its big house to anather private co with head quater in channai on rent for for annual....
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....l rent excceding 15lacs . The rent agreement provides that the house will be used for residential purpose of officers who comes to delhi on tour . it would be comanys guest house at delhi . no other a....
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....ctivities will there . So the company refuses to pay service tax as it claims that no service tax payable on residential purpose . but our view is that since the channi company is useing though for re....
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....sidential purpose for its officer while in delhi , it is definetly for used for business purpose & it satisfy the defination of rent of immoveble property . we want views & opinion on this issues . th....
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....e main issue weather there will be libility of service tax ? Reply By Surender Gupta: The Reply: The activity would not liable to service tax. Reply By V Ramanujam: The Reply: I agree with the view o....
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....f Shri Gupta and it is not taxable. The specific exclusion of 'building used for residential purpose' from immovable property liable for tax will over ride the general purpose of 'use in the course of....
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.... in furtherance of business'.<br> Discussion Forum - Knowledge Sharing ....