Dear all
We are receiving brokerage against ARN after deducting of service tax. We are also in renting of immovable property. Can we take cenvat credit from brokerage.
What i think the both are different service so we can not take is it ?
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Cenvat credit on brokerage
Replies (4)
Eligiblity to take credit on INPUT and INPUT SERVICE depends on whether you have used same for providing output service or manufacturing and not on the basis as told by you.
Regards
Dayananda
If you are receiving brockerage, that means you are providing some brocking service. Cenavtcredit can be taken from a service received by you.
| Originally posted by : CA Unnikrishnan Nair N | ||
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If you are receiving brockerage, that means you are providing some brocking service. Cenavtcredit can be taken from a service received by you. |
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Dear sir
yes we are providing brocking service. But we are receiving rent from immovable property and premises are different. In this case..
Brocking and renting of property are services provided by you . You are liable to pay tax on both the services. Cenvat credit can be taken only from services received by you.
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