Repairs and maintenance expenses excluded from service tax valuation on rented properties; not additional lease consideration.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Valuation - Renting of immovable property service - inclusion of amount towards Repair and Maintenance services - The issue of inclusion of the consideration/ expenditure made on repairs and maintenance cannot be included for demand of tax - the said expenditure cannot be considered as extra consideration towards the lease rent. - AT....