University Entitled to SSI Exemption on Renting of Immovable Services when Aggregate Income is Below ₹10 Lakh: CESTAT [Read Order]
The bench noted that the aggregate value of the rental services provided by the university did not breach the ₹10 lakh threshold in any individual financial year under review. Therefore, the university was squarely entitled to claim the exemption, and no service tax was payable on such income.
By Navasree A.M - On May 17, 2025 2:06 pm - 2 mins read
In a recent decision on the tax exemption entitlements of educational institutions, the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) of New Delhi bench held that the university is eligible for Small Scale Industry ( SSI ) exemption in respect of rental income received from renting of immovable property, as the aggregate…
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