Service tax setoff
This query is : Resolved
11 May 2017
I am an accountant with a partnership firm.
My organisation firm pays rent and service tax for a piece of land.
on other hand we provide the land to the customer for sports on hour basis and charge it as a rent and also collect service tax from them and deposit with Govt Treasury.
My query is whether could I get set-off of service tax paid by on rent.
Thanks
Babukhan
My organisation firm pays rent and service tax for a piece of land.
on other hand we provide the land to the customer for sports on hour basis and charge it as a rent and also collect service tax from them and deposit with Govt Treasury.
My query is whether could I get set-off of service tax paid by on rent.
Thanks
Babukhan
11 May 2017
Yes input tax credit can be taken on service tax paid on rent.
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