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

[Ganeshan Kalyani]

Refer Cenvat Credit Rules 2002.

[KASTURI SETHI]

Cenvat Credit on 'Service portion of construction services' cannot be availed as input service for providing output service of 'Renting of Immovable Property Service'. It has been specifically excluded from the definition of 'input service' under Rule 2(L) (ii)(A) of Cenvat Credit Rules, 2004.

[Ganeshan Kalyani]

I agree with the reply submitted by Kasturi sir.

AI Summary

Input credit exclusion: construction service portion cannot be claimed against renting of immovable property under Cenvat framework. The service portion of construction services is not eligible as an input service for Renting of Immovable Property Service under the Cenvat framework, being specifically excluded by Rule 2(l)(ii)(A) of the Cenvat Credit Rules, and therefore cannot be used to claim input credit against renting services.