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service tax utilisation

This query is : Resolved 

28 January 2011 a person constructing a commercial complex for that he pays service tax to Builder during this year, further he letout the property & collect service tax from tenants. whether he can set off what he paid to builder.

Regards.
Prakash.M

28 January 2011 Yes as the construction service is required for building the asset which can be let out and ST charged on such services.



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