Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Service Tax Credit on Rent received

Service Tax - Started By: - Nisar Ahmed - Dated:- 30-9-2015 Last Replied Date:- 4-10-2015 - A Ltd. has a depot at Jaipur which is not registered under excise and has been taken on rent. In such depot, the operations of its 2 subsidiaries namely X Ltd. and Y Ltd. are also carried on. The areas provided to both subsidiaries are excise registered and clearly identifiable.A Ltd. pays the rent of the depot along with service tax and avail CENVAT credit. The rent attributable to the area of 2 subsidia .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ice tax paid on the rent paid by X Ltd. and Y Ltd. can be availed as credit by X Ltd. and Y Ltd. only. A Ltd. cannot avail the credit on behalf of X Ltd. and Y Ltd. Hence the audit objection is correct.If the excisable goods manufactured by A Ltd. is wholly exempted from excise duty then A Ltd. cannot avail credit of service tax paid on the rent for the portion of the depot occupied by A Ltd. - Reply By KASTURI SETHI - The Reply = Both subsidiaries X Ltd. and Y Ltd. have distinct separate legal .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version