Cenvat credit

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atul kumar goel (Querist)
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22 October 2012 Sir,
A Company is providing two services (1)rent of building and (2) Maintenance of the same building. Whether Service tax payable on rent(after deducting service tax paid on rent itself)can be adjusted from the input of service tax available on maintenance service or not. Please advise on both the period i.e before and after 01.07.2012.
Thanks

@VaibhavJ

@VaibhavJ (Expert)
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22 October 2012 Hi

Yes you can set off..

There is no BAR as such..

Rgds//vaibhav
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atul kumar goel

atul kumar goel (Querist)
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22 October 2012 Thank sir
Further, whether we can take cenvat available on maintenance service in last financial year from the service tax payable on rent in the current year. Service tax return of last year have balance input of service tax on maintenance service.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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22 October 2012 Credit can be taken for the previous year and can be used to pay ST on rent or repairs.

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