Can we avail cenvet credit on service tax paid on rent for out sourcing business??
CENVAT credit
Pawan Barnwal
Eligibility for CENVAT Credit on Service Tax for Rent in Outsourcing Business Discussed under Rule 2(I) Criteria. A user inquired about the eligibility to avail CENVAT credit on service tax paid for rent in an outsourcing business. Respondents sought clarification on the nature of the rent and emphasized that the service tax must be paid on input services used for taxable output services, as per Rule 2(I) of the Cenvat Credit Rules. Renting of immovable property services is not excluded, but the user must ensure compliance with the criteria. Further details were requested to provide more precise advice. (AI Summary)
TaxTMI
TaxTMI