ITC not available for GST paid for Hotel Stay on Rent-free Accommodation provided to Company Director and Manager: AAR [Read Order]
The Authority for Advance Ruling ( AAR ), Maharashtra has held that the input tax credit not available for GST paid for the hotel stay in case of rent-free hotel accommodation provided to General Manager
Lease Rent paid by Hospital on Premises subject to GST: AAR [Read Order]
The Karnataka Advance Ruling Authority (AAR) recently held that the Goods and Services Tax (GST) is leviable on the rent paid / payable for premises, taken on lease by a Hospital. The applicant, a cardiology
Rent from Open Land taxable as “Other Income”: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jalandhar bench has held that the lease rent received for letting out of open land should be treated as “Income from Other Sources.” The assessee had leased 6020 Sq.
CBDT prescribes Three Easy Steps to Deduct TDS for Persons paying Monthly Rent over Rs 50,000
The Central Board of Direct Taxes (CBDT) advised the taxpayers who pays monthly rent over 50,000 to deduct Tax at Source (TDS) except those liable to audit under clause (a) and (b) of section 44AB
Wipro Ineligible to take Credit of Rent-a-Cab service availed to Pick up and Drop Employees: CESTAT [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the Wipro Enterprises is not eligible to avail cenvat credit on the rent-a-cab services availed for pick up and
‘Radio Taxi’ Operators Not Liable to pay Service Tax on services rendered to Corporate Clients: Delhi CESTAT [Read Order]
The Delhi bench of the CESTAT today held that the services rendered by a radio taxi business wherein the invoices are directly raised on the corporate clients would not be subject to service tax under
GST Exempted on Hostel Rent of less than Rs. 1000 per day per Student: AAR [Read Order]
The Maharashtra Authority of Advance Ruling (AAR) ruled that Goods and Service Tax (GST) is exempted on Hostel Rent of less than Rs. 1000 per day per Student. The applicant, M/s. Ghodawat Eduserve LLP is
Notional Rent not applicable on a flat which is inhabitable and in a ruinous condition: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that notional rent shall notbe applicable on a flat, which is inhabitable and in a ruinous conditionfollowing the Bombay High Court judgment in the case
ITAT disallows Fake Claim for Deduction as Rent paid to Mother was an afterthought [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has disallowed a fake claim for deduction because it was proved that the rent paid to mother was nothing, but an afterthought to claim tax
CBDT asks to remit TDS on Rent Over 50,000 per Month
The Central Board of Direct Taxes ( CBDT ) asked the taxpayers to remit Tax Deducted at Source (TDS) at five percent while paying House Rent above Rs. 50,000. It is mandatory for an individual
Rent which was Neither Received nor Accrued cannot be brought to Tax: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has held that rent which was neither received nor accrued cannot be brought to tax. The assessee company, Surti Chemicals P. Ltd. purchased a
Lease Rent Income received from Letting out modules of Software Technology Park to constitute Income from Business, eligible for Deduction: Madras HC
The Madras High Court ruled that the lease rent income received from letting out modules of Software Technology park to constitute income from the business, eligible for deduction The Revenue assailed the order of the
Renting of E-bikes and Bicycles without operator attracts 18% GST: AAR [Read Order]
The Karnataka Authority of Advance Ruling (AAR) ruled that renting e-bikes and bicycles without an operator can not be taxed at the rate of 5% and 12% respectively. The Applicant, Yulu Bikes Pvt. Ltd. is
Bus Operator can Avail ITC on Rent paid towards Hiring of Buses: GST AAR [Read Order]
Upon satisfying the requirements outlined in Sections 16 and 17 of the Central Goods and Services Tax (CGST) Act 2017, the Authority for Advance Ruling ( AAR ) of Chhattisgarh determined that the applicant is
Plea in Punjab & Haryana HC challenges Validity of Levy of Tax on Royalty Rent paid by Mining Concession Holders
The petition has been filed in the Punjab & Haryana High Court challenging the validity of the levy of Tax on royalty rent paid by mining concession holders for any mining Concession by the State.