Rent on Immovable Properties

Ours is a limited Co.,we having an Own building in the name of Co. on which we are collecting Rents from tenants every month and also collecting service Tax on rents.we are incurring expenditure in the company's books of accounts on which we are paying service tax (P&L debit items).Now tell me whether we can set off service tax paid from service tax collected & pay off the Balance amount to the Central Govt. Pl reply as early as possible with any circular/notifications if any.