AAR: Renting of cold storage facility or premises for cold storage taxable at 18%

Telangana AAR rules on taxability of leasing services availed by the applicant with regard to cold storage facility; Holds that if the agreement is purely for renting/leasing of ‘cold storage’ premises by one entity to another, said activity amounts to “renting/leasing of immovable property and does not fall within the ambit of storage services”; Accordingly, it is provision of non-residential property on rental basis which is supply of service classifiable under SAC ...