Renting of immovable property service
This query is : Resolved
09 March 2015
Can any one Let me know what are Input Service Credit available under CENVAT CREDIT RULES for RENTING OF IMMOVABLE PROPERTY SERVICE. Ex: Security service, Building Insurance, Annual Maintenance Charges, Etc,....
CA R SEETHARAMAN
(Expert)
09 March 2015
“Input credit of service tax can be taken only if the output is a ‘service’ liable to service tax or a ‘goods’ liable to excise duty. Since immovable property is neither ‘service’ or ‘goods’ as referred to above, input credit cannot be taken”.
09 March 2015
Renting of immovable property is declared service u/s 66E unless covered under exemptions or negative list. Please read which are the services not covered under this and what is input services in order to know the availment of CENVAT credit.
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