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Credit of service tax on purchases of flat
Sir, My query is. If a service provider company purchases a flat and paid service tax on it. and use the same flat as guest house and other pourpous. can the said company take the imput credit of service tax paid on that flat. sir if for reference there is any case study on said case then also suggest it to me.
Replies (4)
There is a restriction on availment of credit of works contract/ construction service. Not available.
Sir,
Is service tax paid on purchase of flat in the name of a Pvt. Ltd Co. Whether he can claim Service Tax Input Credit.
Regards,
V .Ramanathan
Service portion of Works Contract/Construction Contract does not constitute "input service" as per Rule 2(l) of Cenvat Credit Rules, 2004. So any service tax paid on such service shall not be taken, eventhough the same is used by service provider to provide output service.
Therefore, Credit of Service Tax paid on purchase of flat will not be available.
Thankyou sir for your nice suggetion.
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