Sunday, October 2, 2011

Service tax on renting - SC stays Delhi HC decision

Supreme Court has stayed the Bombay High Court decision that upheld levy of Service Tax on renting of immovable properly service.


Bombay High Court had upheld the retrospective levy of Service Tax on commercial rentals w.e.f. 1.6.2007.


Thus, uncertainty continues.....................who is going to win?

Landlords and tenants are waiting on their wings !


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