Please Help: Service Tax of Property
Posted Date : 31-Oct-2013 , 11:47:44 am | Posted By: Shankar Lal Aggarwal
Category :
Service Tax | Answers :
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One of my client has given advance money to builder to purchase the commercial property. He wants to use this property in the business of landing of property. Now can he taken CENVAT Credit of service tax of the new property for payment of service tax. if yes, pls explain |
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| Posted By : |
07-Nov-2013, 10:15:18 |
| 1. Once the commercial property comes to his possession and he used it only for storage and warehousing, he can take credit of service tax of the new property for service Tax
2. As per my understanding , your client paid advance only.
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