To avail a input tax credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2015 Dear Sir,,
We are paying service tax on Reverse Charge Mechanism on Lorry Fright,but for for last 3 months we became a service provider - renting immovable property,and taking on rent of immovable property

Do we have the right to take input tax credit
1)rent
2) Warehouse management service
3) container charges
4)Security charges
5) Advertising charges
6)Professional service

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 November 2015 You can avail input tax credit only when the input service is utilized for providing taxable out put service.

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Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2015 Thank you for your reply,
But I have one more doubt,can we set off tax paid on rent against the rent received
Can you explain with any example for for your earlier reply

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 November 2015 Yes it can be set off in the following circumstances. you are taking a building on rent on which service tax is paid, which is sub let and rent including service tax is collected.

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