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Under Finance Act Are There Any Decisions That Service Tax Can Be Passed On To The Tenant/licensee? |
In India Servicing Tax is made applicable to renting immoveable properties from 01.06.2007. The license agreements which are signed / concluded before the placing did not contemplate for payment of service tax. The Finance Act now casts liability for payment of service tax on the Landlady or the Licensor.
| Answer: It is always very vital to properly draft an agreement. You should always mention in the draft that any taxes, if applicable at any culture in the future shall be applicable as and when they commence As of now you can definitely amend your agreement and I dont call to mind |
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