https://www.taxtmi.com/forum/issue?id=2950 CENVAT credit for input goods and input services used to set up a building shared between a parent and leased to group companies must be allocated between taxable leased space and the parent's exempt occupation; full credit for the entire building is not automatic. The appropriate treatment requires applying CENVAT apportionment rules based on end use, the taxable character of each charged component (lease, electricity, parking) and factual details about invoicing and utilisation of credit. The advisers sought further factual particulars and did not reach a definitive conclusion or cite a binding ruling. en-us Mon, 11 Apr 2011 12:01:12 +0530 Thu, 23 Jan 2025 15:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2950 CENVAT credit for input goods and input services used to set up a building shared between a parent and leased to group companies must be allocated between taxable leased space and the parent's exempt occupation; full credit for the entire building is not automatic. The appropriate treatment requires applying CENVAT apportionment rules based on end use, the taxable character of each charged component (lease, electricity, parking) and factual details about invoicing and utilisation of credit. The advisers sought further factual particulars and did not reach a definitive conclusion or cite a binding ruling. Discussion-Forum Service Tax Mon, 11 Apr 2011 12:01:12 +0530 https://www.taxtmi.com/forum/issue?id=2950