Utilisation of Cenvat Credit
This query is : Resolved
20 June 2011
Dear Sirs,
Our Client is the manufacturer of textile fabrics in Maharashtra having manufacturing unit at Silvassa and also it let our property(land) for rent to other manufacturer. They are having the Service Tax Registration for GTA and Renting of immovable property services at their registered office at Mumbai(Centralised). Now queiry is that can they avail the cenvat credit from the input and input service and utilise it for the payment of service tax as service provider under the Renting of immovable property service for the said months. Please reply .
Our Client is the manufacturer of textile fabrics in Maharashtra having manufacturing unit at Silvassa and also it let our property(land) for rent to other manufacturer. They are having the Service Tax Registration for GTA and Renting of immovable property services at their registered office at Mumbai(Centralised). Now queiry is that can they avail the cenvat credit from the input and input service and utilise it for the payment of service tax as service provider under the Renting of immovable property service for the said months. Please reply .
20 June 2011
if the property against which they paid input credit is let out with taxable rent, then they can surely get credit of service tax paid on rent.
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