LAWyersclubindia LCI
Login  Register
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

service tax set off

(Querist) 05 March 2008 This query is : Resolved 
for property taken on lease we have to pay service tax whether we can take credit of this service tax paid against any taxable input service rendered by us
Report Abuse
Rajesh Kumar (Expert) 07 March 2008
Yes. The service tax paid on input services(in this case ren on immovable property) is available as credit on your output services, provided the input service is being used in or in relation to, directly or indirectly, providing output services.
For example say you are tunning a beauty parlour and has taken a property on rent. The service tax paid on rent can be credited and used while paying taxes on services of beauty parlour.

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!