Cenvat rule in rent
This query is : Resolved
20 July 2013
Dear sir/Madam,
Company rented a Land & Constructed a ware house,
The company has received Rs.17,00,000 + S. tax per month as a rent for the ware house & the conpany paying Rs.1,50,000/-s.tax for the land rent or land lord
The company paying Property tax Rs.3,30,000/- Per annum
Kindly advice cenvat rule can be applicable for this case. if so kindly explain how.
Regards,
Jayaraj
Company rented a Land & Constructed a ware house,
The company has received Rs.17,00,000 + S. tax per month as a rent for the ware house & the conpany paying Rs.1,50,000/-s.tax for the land rent or land lord
The company paying Property tax Rs.3,30,000/- Per annum
Kindly advice cenvat rule can be applicable for this case. if so kindly explain how.
Regards,
Jayaraj
20 July 2013
it cannot avail credit against property tax.
if its paying excise then it can avail service tax paid.
if its paying excise then it can avail service tax paid.
Message likes :
1 times
30 July 2013
thanks for your comments, but still i have quiet confusion kindly advice whether cenvat applicable for service tax on rent received & rent paid only
30 July 2013
Yes cenvat is allowed for service tax paid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- LTCG for Assmt year 26-27
- Free lancer income
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Soyabean hsn code and gst rate
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
