Just wanted to confirm, are we eligible to get the benefit(credit) of property tax being set off against the obligation of service tax on renting of immovable property.
Thanks in advance.
Piyush Jain (CA) (283 Points)
04 May 2010Just wanted to confirm, are we eligible to get the benefit(credit) of property tax being set off against the obligation of service tax on renting of immovable property.
Thanks in advance.
Gajendra R. Tiwari
(Senior Manager-Accounts & CA IPCC Student)
(429 Points)
Replied 04 May 2010
according to me, No.
You cannot set off property tax against service tax.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)