Is st on investments adjustable against st on rent

Antony Raj (Accountant) (81 Points)

13 August 2015  

Dear Experts,

We are having a HUF account and we are getting Rental income on that. We are charging the service tax on the rent at 14%. This is a output to us.

Now can we adjust any other service tax amount with the rental income service tax? For example we are doing share trading in huge in a year and we are paying service tax on brokerage. Is this service tax is adjustable against the service tax on rent?

Kindly clarify the same.

Thanks in advance.

Regards

ANTONY RAJ

Bangalore