10 November 2008
a proprietorship company has cenvat credit of service tax available in his business of installation and commissioning and also the proprietor has a property which he has given on rental and there he is to pay service tax on rental services
can he take set off of cenvat credit under installation service to pay off his liability under rental services
10 November 2008
I differ from the view of Sri Chakrapani. There is no one to one correlation to avail Cenvat credit as long the assessee is with one service tax registration no. Additional services falling under any other category are simply get included in ST-2 as and when such new services are taken-up.
11 November 2008
thanx for the replies but can anyone send me any notification/circular or any case law whih can make basis for no one to one correlation clause
15 November 2008
there is no such rule to take credit on one to one corelation to avail credit for service provider / recepienennt. if service provider is providing more than one service than he can get set off of services received by him
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