Cenvat credit on leasehold work on rented property
This query is : Resolved
16 February 2015
Pvt. Ltd. company purely online education service provider can avail cenvat credit on leasehold work i.e. wooden/paint/fixed furniture for 5 year rent agreement.
Can we take benefit on RCM and other input service tax charged by the party.
Can we take benefit on RCM and other input service tax charged by the party.
16 February 2015
Company can take CENVAT Credit of Repair and Maintenance services, whether it is paid under RCM or paid to service provider.
16 February 2015
It is a leasehold improvement capital expenditure, can we take same benefit on RCM and input service tax.
16 February 2015
yes you can take credit, the basic condition is the input service must be used in providing output service (except some exceptions in rule 2).
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