ST on renting of building for clinical establishment

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  1. Narmda

    Narmda New Member

    Is service tax payable on building taken on lease for clinical establishment which is providing diagnostic services like MRI, CT scan, X ray and Lab services .

    Regards
    Narmada
     
  2. MONU0018

    MONU0018 New Member

    Yes,
    Service tax is applicable if we take any building or premises on rent or lease. But if the lease is Financial Lease then Abatement is Applicable 90% and Taxable part 10%. But it is operating lease then service tax @ 15% will be charged, No abatement will be applicable in case of operating lease.
     
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