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of <h1>Clarification on Service Tax: Renting Immovable Property & Works Contract Services under CENVAT Credit Rules, Circular No. 96/7/2007-ST.</h1> The circular amends Circular No. 96/7/2007-ST to clarify issues regarding service tax on renting immovable property and works contract services. It states that commercial or industrial construction services used for constructing immovable properties cannot be treated as input services for renting immovable property services under CENVAT Credit Rules, as immovable property is neither a service nor goods. For works contract services, service tax is levied on the gross amount minus the value of goods subject to VAT/sales tax, and providers cannot claim excise duty credit on such goods. Service providers cannot reclassify services for tax purposes after June 1, 2007, to use the Composition Scheme.
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