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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Service Tax »
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws
 3 key tax changes for senior citizens which will come into effect from April 1, 2018
 Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
 All you want to know about HRA: When you can claim and how it is calculated?
 Income Tax Saving: 6 ways to save tax without investing before March 31 tax deadline
 Unnable to file your tax return? Take help of these portals
 Do you know which 80C instruments can help you save tax and carry no future tax liability?
 E-way relief, for now, to e-commerce, courier firms sending small orders

UT to issue public notices to recover service tax
March, 31st 2013

After being slapped with notice of penalty over non-payment of service tax several months ago, now the UT Administration is going to issue public notices for the recovery of service tax from those who the Estate Office has leased out properties to. The penalty runs into crore of rupees.

The Central Excise and Service Tax Department had a few months back sent a letter to the UT Estate Office for clearing the pending dues to be recovered from the lessees on account of service tax.

As per the guidelines issued by the Centre, owners of the leasehold commercial properties auctioned by the UT Estate Office and those who have converted industrial sites into commercial, have to pay the service tax. The notification issued by the government states that all lessees of the commercial property auctioned since July 1, 2007, are bound to pay the service tax at the rate of 12.36 per cent per year on the lease money/ ground rent charged by the UT Estate Office.

On the leasehold properties auctioned in the city, the lease money is charged for a period of 99 years from the lessees. The service tax division of the Central Excise Department has already taken note of the failure of the UT Estate Office to recover the service tax.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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