We bought 99 Years Leas land in domestic industrial area in 2016, and we utilized the service tax payments of lease land single time premium as input against our central excise payments.
But now the service tax department audit team is saying that this is ineligible input. Please suggest us with related rules and case laws if anything.
Eligibility of Service Tax on 99-Year Lease as Input Against Central Excise Disputed by Audit Team A query was raised regarding the eligibility of utilizing service tax payments on a single time premium for a 99-year lease of industrial land, purchased in 2016, as input against central excise payments. The service tax department's audit team has deemed this input ineligible. The party seeks guidance on relevant rules and case laws to address this issue. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
