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 :
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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
30 July 2013
Yes cenvat is allowed for service tax paid.
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