TaxTMI 
TaxTMI 
Service tax on renting of residensial unit
X X X X Extracts X X X X
X X X X Extracts X X X X
....ervice tax on renting of residensial unit<br> Query (Issue) Started By: - Jignesh Patva Dated:- 7-7-2015 Last Reply Date:- 11-7-2015 Service Tax<br>Got 5 Replies<br>Service Tax<br>Whether service Tax will be levied on renting of residential unit to a pvt. company who further giving such rented residential unit as Paying Guest or consider as in negative list service? Reply By PAWAN KUMAR: The Repl....
X X X X Extracts X X X X
X X X X Extracts X X X X
....y: Dear Sir, Service tax is exempt on property rented for residential dwelling purpose as per section 66D (m) of Finance Bill 2012-13- (m) services by way of renting of residential dwelling for use as residence; Reply By Rajagopalan Ranganathan: The Reply: Sir, With due respect to the views of Shri. Pawan Kumar, my view is that since you are renting the premised to a private Company it will....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... be treated as for commercial purpose. Therefore you are liable to pay service tax on the rental amount received by you provided the total annual rent exceeds ₹ 10,00,000/-. Reply By vijay kumar: The Reply: Please check in your case whether the renting is "for use as residence" as has been specified under Section 66D. If the unit is used for residential purpose, it is covered und....
X X X X Extracts X X X X
X X X X Extracts X X X X
....er Negative List. Paying guest accommodation should be treated as use as residence - should be under negative list, in my view Reply By CS SANJAY MALHOTRA: The Reply: Dear Friends, Usage of property needs to be seen irrespective of whether the same is given to Individual or Companies. Property meant for residential use is exempt from Service Tax. Important are the clauses and scope mentioned in....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the Rent Agreement, please have a look at same. Views of Sh. Rajagopalan would stand applicable if the Terms of Agreement clearly spell out or reveal the facts that the property given to company is for use in "furtherance of business or profession'' Reply By Mohit Himmatsinghka: The Reply: Dear All, What is Important is the nature of the Service Provided and not the Status of the....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Service Receiver, unless otherwise specified. Thanks<br> Discussion Forum - Knowledge Sharing ....