input on renting imoveble properties
pankaj joshi
my godwon on rent basic and recived rent and pay service on rent i am input on service tax paid to security service, telephone, insurance for godwon, pl
Cenvat Credit Allowed on Service Tax for Security, Telephone, Insurance Services Under Rule 3(1) of Cenvat Credit Rules 2004 A user inquired about availing Cenvat Credit on service tax paid for security, telephone, and insurance services related to a rented godown. An expert clarified that under Rule 3(1) of the Cenvat Credit Rules, 2004, credit is permissible for service tax paid on input services. Another contributor advised verifying the connection between input and output services, noting that while a direct correlation is not required since 2004, input services should still be used for providing output services to safely claim Cenvat Credit. (AI Summary)
TaxTMI
TaxTMI