availing input credit of providing Rental Services

[MUNIRAJ SRINIVASAN]

one my client has paid construction/ lift services. he can avail input credit against providing the rental services. if it is possible which notification he can avail

AI Summary

Cenvat Credit on Construction Services Excluded as Input for Renting Property Under Rule 2(L)(ii)(A) of 2004 Rules. A user inquired about the possibility of availing input credit for construction or lift services against rental services. One respondent referred to the Cenvat Credit Rules 2002 for guidance. Another clarified that Cenvat Credit on the service portion of construction services cannot be used as input service for renting immovable property, as it is excluded under Rule 2(L)(ii)(A) of the Cenvat Credit Rules, 2004. A third respondent concurred with this explanation.