service tax on rent
This query is : Resolved
27 May 2010
We are in wholesale and retail business of baby products. we pay service tax on rent of shops at different locations in india. Now we have a property in india which we want to give on rent. Can we register and take set off of service tax on rent we pay. If there is refund can we claim it and what are changes of our getting it.
Thanking you in advance
Thanking you in advance
27 May 2010
Set off is available on Services utilised for providing output service. Since, the shops taken on rent, are not utilised for renting your property, Set off is not available.
Service tax on rent is in dispute. The Delhi High Court has again stayed recovery of Service Tax on commercial Rent till disposal of the writ petition. A ruling by the apex court and Government's acceptance thereto only can settle the dispute.
You can take registration and pay tax under protest.
Service tax on rent is in dispute. The Delhi High Court has again stayed recovery of Service Tax on commercial Rent till disposal of the writ petition. A ruling by the apex court and Government's acceptance thereto only can settle the dispute.
You can take registration and pay tax under protest.
27 May 2010
The properties taken on rent are used for business purpose and property given on rent is owned by the company. So cant we say that both are for same business and thus take the set off
27 May 2010
27 May 2010
The rented property is used for business purpose, but not for providing output service.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
