Regarding service tax on rent paid and collected.


This query is : Resolved 

27 January 2013 The assessee is engaged in the business of playing games ( Animation related), whether the service tax on rent paid for building can be set off against the service tax collected from the games..?

27 January 2013 Dear Rohit,

The above service is covered in item no. j of Section 66D of Finance Act,1994 and hence exempt.(Negative List of Service)
Admission to entertainment events or access to amusement facilities;

Thanks



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