Cenvat rule in rent

This query is : Resolved

jayaraj (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 July 2013 it cannot avail credit against property tax.
if its paying excise then it can avail service tax paid.

Message likes : 1 times

jayaraj

jayaraj (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 July 2013 Yes cenvat is allowed for service tax paid.

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