Service Tax Input
This query is : Resolved
Rabnoor Singh Khanna
(Querist)
11 July 2010
We are a real estate company. I want to know in which cases i can claim service tax input.
(a) Telephone
(b) Maintenance Exp of Place in which office is situtaed
(c) Brokerage
(a) Telephone
(b) Maintenance Exp of Place in which office is situtaed
(c) Brokerage
Shyam Lal Naik
(Expert)
11 July 2010
Tax on real estate is a mixed bag. If you do not collect any amount from the prospective buyer, there is no service and hence you are not eligible for credit.
On the other hand, the three items are eligible for credit.
In case of telephone, you need to satisfy that the telephone are used for providing taxable service.
In case of brokerage, it is presumed that it is in relation to sale of flats etc. and being a sales promotion activity, it is an eligible input service.
On the other hand, the three items are eligible for credit.
In case of telephone, you need to satisfy that the telephone are used for providing taxable service.
In case of brokerage, it is presumed that it is in relation to sale of flats etc. and being a sales promotion activity, it is an eligible input service.
Rabnoor Singh Khanna
(Querist)
11 July 2010
But what about the service tax on maintenance exp charged by the place where our company office is situated.
31 July 2023
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