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Renting of immovable property

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 August 2012 Hi all,


My co. has a building in delhi. it is taken on rent by other co. now my co. doing some work contract on that building can he avail cenvat credit on work contract ???????????


Thanking you.......
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Nilesh

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Nilesh (Expert)
14 August 2012 It the works contract for repair, renovation of office, CENVAT credit would be available. However, in case you are setting up of business, then department could deny the credit.

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