Cenvat credit on brokerage

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
	If you are receiving brockerage, that means you are providing some brocking service. Cenavtcredit can be taken from a service received by you.

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.