Service tax on construction of comm.indl buldgs

Sivaguru SM (Tax Consultant) (235 Points)

13 January 2012  

Dear Experts,

If I register for the services 1) Renting of Immovable property; 2) Construction Services in respect of Commercial or Industrial Building and civil Structures

My query is :- The industrial building constructed by our own and it will be rented out to Tenants.  How can I opt cenvat credit during construction, becoz there is no sale of building, it is going to be rent out to tenants.  Can we take cenvat credit on Rentals from building? if yes please provide me circulars and how to avail cenvat credit? Your early action in this matter will be highly appreciated.