When did any notification regarding service tax on rent is imposed and what are its contents?
Answers:
The service tax on rent has been okayed in the Finance Act 2007 and will come into force from the date which will be notified by CBEC vide a Notification.It is likely to be 1st June 2007.Click on the link below for details
http://www.allindiantaxes.com/ait-news-9...
However, if rent is below Rs.8 Lakh from the date of notification till March 2007; it will be exempt subject to conditions of exemption notification.
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