Service Tax Would be Chargeable Only on Rent Collected from Leasing of Immovable Property: CESTAT [Read Order]
The bench observed that as per the contractual norms, the rent amount has been fixed, which the appellant is entitled to receive from the lessee for letting out the property
By Amal Michael - On February 6, 2024 1:00 pm - 2 mins read
Customs Excise & Service Tax Appellate Tribunal ( CESTAT ) had held that service tax would be chargeable only on the rent collected from the lessor in the case of leasing of immovable property. The bench observed that under the provisions of Section 66E of the Finance Act, the service under the category of ‘renting…
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