We are in a service industry provide taxable and exempt services both to our vaious clients. Recently we hv started a construction of building for which we are taking engineering/technical services from a company. since we are constructing an immovable property we r capitalising all the related costs as per provision of As-10. Required Solution for below queries:
1) Whether we can claim cenvat if we will provide taxable services from the under construction building in future by taking it as office for providing taxable services?
2) Whether we can claim cenvat if the same property will be leased out & service will be paid by us for the same?
3) Whether we can claim cenvat if we will provide taxable and non taxable services from the under construction building in future by taking it as office for providing taxableand non taxable services?
Kindly quote relevant rules, sections, notifications etc.
Rgds,
CA Ashwani Dhawan
CAclubindia
