Ser tax credit/setoff

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2013 We have paid service tax on purchase value of office property. Whether this service tax paid can be set off / credit availed against service tax liability from professional income?

CA Vikas Acharya

CA Vikas Acharya (Expert)
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27 June 2013 nope the same can not be availed as per rule 2(l) of Cenvat Credit Rules, 2004.

as input service of this purchase kind of service specifically excluded, though only those who providing the same kind of service can avail it but since you providing other professional service you are not eligible to take the credit.