Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: empanelment
 
 
Service Tax »
 All you want to know in 5 brief points
 GST loss to be reduced by slice of service tax
 Government encouraging self-registration for GST
 Spl assembly session on GST Bill on May 9
  Getting the trade to align with GST is a challenge
 Getting the trade to align with GST is a challenge
 With GST launch, race against time to avoid sales tax upheaval across India
 GST to rate taxpayers, businesses on payment record, make ratings public
 7 major benefits of Goods and Services Tax
 100 Opening GST Profiles- Indirect Taxation- ALL Industries
 New Opening Sr. Manager-Indirect Tax For A Leading Power Company

Service tax: Excise dept gets cracking on landlords
February, 22nd 2010

There is resentment brewing among landlords against the Central Board of Excise and Customs. The reason? The board is yet to retract a circular issued in July last year directing service tax units to take action against those who do not pay tax on rentals earned from immovable property.

With the circular still in force, the department is issuing show-cause notices asking landlords to pay tax running into lakhs. Considering the tax burden is usually passed on to the end user, the landlord/lessor is pressurising lessees to pay the service tax, giving rise to differences between the two parties.

What has irked developers is that the tax has not been rescinded despite the Delhi high court ruling last year that renting immovable property does not constitute a taxable service. The court had passed the order while hearing a petition filed by a subsidiary of Pantaloon Retail (India) Limited, along with other retailers, challenging the governments decision.

Further, when the circular was challenged, the board had assured the court that it will take corrective steps, yet continued issuing notices demanding the tax, forcing many landlords to pay it under protest.

The board defends itself by saying since an appeal is pending before the apex court, it is free to demand taxes.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions