Regarding service tax on rent paid and collected.

This query is : Resolved

Rohit Garg (Querist)
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27 January 2013 The assessee is engaged in the business of playing games ( Animation related), whether the service tax on rent paid for building can be set off against the service tax collected from the games..?

Kaushik Vinod

Kaushik Vinod (Expert)
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27 January 2013 Dear Rohit,

The above service is covered in item no. j of Section 66D of Finance Act,1994 and hence exempt.(Negative List of Service)
Admission to entertainment events or access to amusement facilities;

Thanks