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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 .....

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ries has been recovered from them after charging service tax.During an audit, the department contended that the CENVAT credit taken on rent of the premises should be disallowed to the extent of the area given to subsidiaries on the ground that such a .....

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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 .....

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entities though both are controlled by A Ltd. The objection raised by the Audit is correct. - Reply By ganeshan kalyani - The Reply = Proportionate ST should have been availed based on the proportion of service availed by three company. - Reply By KA .....

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be called a complete reply ? Will you pl. clarify for enriching my knowledge ? Thanks a lot, Sir. - Reply By ganeshan kalyani - The Reply = Dear Sir,Given the fact which Rajagopalan sir has highlighted, the credit could have been availed if A Ltd is .....

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