Service tax input credit - renting of immovable property

This query is : Resolved

Rajagopal K (Querist)
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12 July 2016 Machinery Owned by "A Pvt Ltd"
Building Owned by "X INDL"

Lease to "X Pvt Ltd" by "A Pvt Ltd" & X INDL
Rent Payable to "A Pvt Ltd" by "X Pvt Ltd"
Rent Payable to "X INDL" by "X Pvt Ltd"

Sub Lease to "Z Ltd" by "X Pvt Ltd"
Rent Payable to "X Pvt Ltd" by "Z Pvt Ltd"

FOR LEASE
"A Pvt Ltd" raising Rent Invoice including Service Tax to "X Pvt Ltd"
"X Indl" raising Rent Invoice including Service Tax to "X Pvt Ltd"

FOR SUB LEASE
"X Pvt Ltd" raising Rent Invoice including Service Tax to "Z Pvt Ltd"

Question:-
Whether Service tax on rent received from "Z Pvt Ltd" will be set-off against Service tax on Rent paid to "A Pvt Ltd" and "X Indl" or not?