TaxTMI 
TaxTMI 
sir .is Input Tax on the AMC charges paid for lift allowed? client has only rental income from commercial property for which he is paying service tax!
Input Tax Credit
18 May 2021 
10 Replies 
3199 Views Asked by
Input tax credit for AMC on lifts: dispute over admissibility for rented commercial property services.
Whether service tax/Cenvat credit for AMC charges on a lift at a rented commercial property is claimable is disputed: one view treats the lift AMC as repair of immovable property and thus blocked credit, while the opposing view treats the AMC as used in supplying the taxable renting-of-immovable-property service and therefore creditable; several tribunal and AAR decisions were cited for support and further review. (AI Summary)
Whether service tax/Cenvat credit for AMC charges on a lift at a rented commercial property is claimable is disputed: one view treats the lift AMC as repair of immovable property and thus blocked credit, while the opposing view treats the AMC as used in supplying the taxable renting-of-immovable-property service and therefore creditable; several tribunal and AAR decisions were cited for support and further review. (AI Summary)