We are constructing a Godown for providing renting of immovable service. 55% of work is completed and contractors have issued us the bill including service tax. we have also taken service tax registration.
now my query is that can we take credit of the input service received., If yes, do we have to mention the amount of cenvat credit in next return even though we are not providing any services.
CENVAT Credit Eligibility for Godown Construction: Tax Exemption for Post-Harvest Storage; Credit Available for Taxable Renting Services. A user inquired about the eligibility of CENVAT credit for service tax paid on the construction of a godown intended for renting services. The response clarified that if the godown is for post-harvest storage of agricultural produce, service tax is exempt under Notification No. 25/2012, and CENVAT credit is not applicable. Otherwise, if the construction is taxable, CENVAT credit is available as the construction services qualify as input services for renting immovable property. The discussion emphasized the need to file returns, even if no services are provided, and confirmed that post-1.7.2012, specific taxable categories are less significant for CENVAT credit eligibility. (AI Summary)
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