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Credit On Service Tax

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(Querist)
10 December 2008 If a GTA gives a property on rent, is it possible to take input credit for input services against service tax collected for output services? Which are the services for which input credit can be set off against service tax collected for output service?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
10 December 2008 Both GTA and Renting are output service in this case. Credit can only be taken on input services.

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