Input Credit

This query is : Resolved

Manoj Sharma (Querist)
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28 February 2009 Can we claim input tax of a rented accommodation of the same premises of which we are paying service tax on rent as half of the portion is subleted to somebody else by us and we are charging servie tax from him plus we are also paying service tax of another building rented to another person?

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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28 February 2009 yes.
u can claim.

Manoj Sharma

Manoj Sharma (Querist)
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28 February 2009 Thanks, but i just also want to know if we are registered under two categories like one is constrction business & one is rent on tangible goods. Under constrction business we are availing abatement of 67% and we can't claim tax on input service but can we claim input credit like telephone, insurance and other service from service tax we are paying under second category? What are the basis for claiming input services.

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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01 March 2009 U have to maintain separate records for each of the services.

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