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Cenvat on municpal tax paid
i am paying service tax on rent .can i a avail municipal tax as Cenvat Credit while paying service tax
Replies (3)
Please refer notification No. 29/2012.
Property taxes paid for the property which is given on rent and service tax is chargeable, shall be allowed set off of the property tax paid, however intimation of set off to the department is advisable.
The municipal taxes paid on a property are deductible from the total rent recived and the balance offerred for servic etax. No credit of municiapl taxes towards servic etax premissible.
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