Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: support@taxtmi.com

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
+ Post a Query
Post a New Query
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID : 5072
- 0 -

cenvat credit

Date 18 Dec 2012
Replies3 Answers
Views 1116 Views
Asked By

Dear experts,

we have been paying service tax on rental income being service provider.  We have invested some money through Port folio management services.  We are getting income in shape of dividend, interest, LTCG AND STCG.  Port folio management have been charging service tax on management fee.  Now our query is as under:-

 

Whether we are elligibal to get input tax credit of service tax paid on management fee and reduced our liability by adjusting the input credit.

 

S.C.WADHWA

 

3 answers
Sort by

Old Query - New Comments are closed.

Hide
- 0
Replied on Dec 19, 2012
1.

Though there is no nexus in Input Services and Output services in your case, even then, you may avail the CENVAT credit since there is no one to one correlation required for availing the CENVAT credit in the case of Service Provider.

- 0
Replied on Dec 19, 2012
2.

once cenvat credit has been availed properly ,it can be used gaainst payment of service tax on ANY output service.

- 0
Replied on Dec 20, 2012
3.

As per Rule 2(l) of Cenvat Credit Rules ,2004“input service” means any service, -

            (i) used by a provider of 26[output service] for providing an output service; or

           From the above it seems that a nexus needs to be drawn between the input service and the output service for availment of CENVAT. The question is whether the items listed by you would form inputs.

Old Query - New Comments are closed.

Hide
Recent Issues