27 July 2012
A company is registered as 100% EOU and doing a business of International Call Centre. Presently, it is availing credit of service tax on Input under Rule 5 of Cenvat Credit Rules 2004.
Now the company wants to shift its office premises to another place and let the earlier premises on rent, Which is leviable to service tax under 'Rent of Immoveable property'.
Whether, the company can set off the service tax refundable on Input used for exort of services with the payable accruing on Rent of Immoveable property instead of going to take the refund.
CAclubindia
