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Availment of cenvat credit for two different services
Dear Experts,
Our company is involved in real estate development business and has obtained service tax registration under "Construction of residential complex" service. We are availing CENVAT credit available on input services like Architect/Engineer fees, Works contract etc and adjusting the same against service tax payable on flat bookings. But now our company has entered into an agreement with a telecom company to lease them space for installation of tower equipments in one of our project building. Will the CENVAT credit generated out of construction activities can be adjusted against service tax payable on "Renting of Immovable Property" where the CENVAT Credit and renting income pertains to the same project building?
Replies (4)
There is no provision of one to one co relation between input and output under CCR 2004, so one can avail
but on fine prints
renting services does not need any input service, except the rent (if any) paid to provide such service.
Hi Bilal Ji,
No one to one correlation required for Input service. Reference can be made to following case also
Jyoti Structures Ltd. Versus Commissioner of Central Excise, Nasik.
Once you are entitled for CCR there is no condition to maintain credit categorically.
Regards
Thank for the advice!!
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