Set off of service tax on lease payment

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Ritesh R Shah (Querist)
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28 December 2010 Thanks in advance for an answer.

Need to know, if service tax paid on leasing on immovable property for use of office including equipment and other assets for use, can we get set off of service tax paid on office space, against future service tax liability?

If so, do we need to get ST regisration?

CA.RAJIV SHUKLA FCA

CA.RAJIV SHUKLA FCA (Expert)
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28 December 2010
If you are liable for payment of service tax then service tax paid on Lease of Immovable assets can be adjsuted with your final liabilities.

Similarly you are regsitered with service tax and getting invoice that contains service tax and whom paymnet has been made by you. you canadjust the cenvat credit paid