We are in printing business and have our own premises for manufacturing. Apart from printing business in the premises we have given some area of the same premises on rent to an fmcg company and collect service tax from them.
We also give service tax on repair & maintenance of machineries, phone bills, freight inward , freight outward, labor charges etc.
My question is that whether we can take the credit of our business stax to write off the stax of rent of the same premises.
If not, then can we go on taking the credit of the service tax paid on business activities and whether it will go on adding or can we apply for refund anytime.
CAclubindia
