Credit of service tax
This query is : Resolved
27 September 2012
Hi All,
Please provide your expert knowledge on the subject of the cevat credit.
the firm has sublease the infrastructure to another company and issuing the service tax invoice. they are also paying the service tax to the owner of the property. in this case how much service tax is available for the cenvat credit.
for eg
company A is paying rs. 112360 as rent(including service tax)
company A has leased some part to company B and receving rs. 56180 (including service tax)
in this how much cenvat credit can be taken?
Thanks.
Please provide your expert knowledge on the subject of the cevat credit.
the firm has sublease the infrastructure to another company and issuing the service tax invoice. they are also paying the service tax to the owner of the property. in this case how much service tax is available for the cenvat credit.
for eg
company A is paying rs. 112360 as rent(including service tax)
company A has leased some part to company B and receving rs. 56180 (including service tax)
in this how much cenvat credit can be taken?
Thanks.
27 September 2012
In the present case Cenvat for the whole amount of service tax paid on input service i.e. rent paid to owner by Company A: 12360.00 can be claimed as CENVAT.
But here total output Service tax laibility is Rs 6180.00 may be paid by CENVAT.
But here total output Service tax laibility is Rs 6180.00 may be paid by CENVAT.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
