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.
SSI Exemption - CESTAT - taxscan

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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