TaxTMI 
TaxTMI 
TaxTMI 
SERVICE TAX ON CONVERSION PREMIUM
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....ERVICE TAX ON CONVERSION PREMIUM<br> Query (Issue) Started By: - abbas mukhi Dated:- 16-12-2015 Last Reply Date:- 19-12-2015 Service Tax<br>Got 7 Replies<br>Service Tax<br>Dear Sir, whether Conversion premium received on converting lease hold properties into free hold property is liable for Service Tax?? Thanks Reply By KASTURI SETHI: The Reply: Sir, No. Conversion of lease hold property into....
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.... free hold property is not service in terms of Section 65 B(44) of the Finance Act, 1994. It is in the exclusion clause (a) of Section 65 B(44). Hence not liable to Service Tax. Reply By Ganeshan Kalyani: The Reply: I agree with views submitted by Kasturi sir. Reply By KASTURI SETHI: The Reply: In Chandigarh Commissionerate who paid Service Tax on conversion charges for conversion into free hold....
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.... applied for refund and got sanctioned. I have no proof with me. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Yes the views are correct in my opinion. Reply By AKBAR BASHA: The Reply: Dear Expertise, Can you please guide me whether iam laible to pay the service tax on ROYALTY ,if iam using the brand name of the USA for which royalty is paid. Reply By KASTURI SETHI: The Reply: Dear Akbar Bash....
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....a, With reference to your query dated 18.12.15, you are liable to pay Service Tax under category of "Intellectual Property Services" specified under Section 65(105) (zzr) (Now Other Than Negative List) read with Notification No.30/12-ST dated 20.6.2012 as amended. (Serial No.10) under Reverse Charge Mechanism. 100% liability is on you as Service Receiver, being in taxable taxable territ....
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....ory. Reply By AKBAR BASHA: The Reply: NOTED WITH MANY THANKS SIR.<br> Discussion Forum - Knowledge Sharing ....