Credit of service tax
This query is : Resolved
13 December 2015
SIR WE ARE PROVIDING COACHING (EDUCATION) SERVICES BY FORMING PVT LTD COMPANY SINCE 2001. NOW WE HAVE PURCHASED PREMISES (UNDER CONSTRUCTION) FOR PROVIDING COACHING SERVICES THEREFROM. PAYMENT TO BUILDER INCLUDES SERVICE TAX ON BASIC PRICES AND OTHER SERVICES RECEIVED LIKE ELECTRICITY FITTING. MY QUERY IS WHETHER WE CAN AVAIL CREDIT OF SERVICE TAX PAID ON THES CONSTRUCTION.
CA R SEETHARAMAN
(Expert)
13 December 2015
You can't avail cenvat credit on these construction as per cenvat credit Rules.
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