Input tax credit of service tax paid on purchase of flat.

This query is : Resolved

Shruti Mishra (Querist)
Follow

18 March 2014 A proprietor who is a professional is collecting service tax on its invoices. I want to know if he can avail credit of service tax paid to the builder on the flat that he has purchased..

instead of capitalising the ST paid to the asset (flat), the alternative can be taking credit of it against the STR liability?

Pls clarify. Also if you can quote the section/rule.. will be great..

thank you.

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

18 March 2014 Input service mean any service used by a provider of output service for providing an output service. If input services are not used for providing output services then cenvat credit will not be available.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Fahima Malik

CA. MOHIT SHARMA

Suneel Shah

CA Saurabh Jadhav

RAHUL SURANA

Subscribe Now

Input tax credit of service tax paid on purchase of flat.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

Accountant

CA Final

Senior Executive

GST CONSULTANCY