05 September 2012
I have client who is director of company and given commercial property to company on rent. whether service tax paid on rent is available as cenvat credit to company.. And Whether Director can avail input service credit such as service tax on professional fees in paying off service tax liability
11 September 2012
Cenvat credit -- Yes by the company. For director credit could be availed if the professional services qualify as input service in relation to renting of property or any output service provided by the DIrector.
CAclubindia
