Respected panalist , Need your support to know , whether there is any Service Tax payable on Open Land which is rented , as we came to know there is some Negative list given by Service Tax department in which it is mention if we collect Rent on Open Land ( property ) which is Given on Lease & the Amount of rent we collect is more than Ten Lakhs per year than since it is Open Land so no service tax is applicable on open land & it is excempted by Service Tax Rules , as per Negative list itmes in Service tax Rules.
Please inform us if any open Land is given on Rent vide Lease than is it omited from Service Tax rules OR NOT ! , as there is confusion on this regards , as some technical persosn say's it came under Neagtive List & Some say's it is required to pay service tax , since even if open Land is given on rent but rent is collected , so service tax is applicable , I need Experts openion on this issues.
Thanks & Best Rgds. : Mr. Kailash Chogle , Mumbai.
