10 May 2011
Dear Sir, We are a manufacture company, we have registered under excise, we have not registered service tax. we are receiving invoices from our suppliers with service tax.whether we can take the cenvat on service tax
10 May 2011
For many years now eligible service tax credit is available for manufacturer who have been availing the same. You may like to read the article in the articles section on the FA 2011 analysis or the cenvat credit article which would provide more information.
Guest
Guest
(Expert)
10 May 2011
you can avail Cenvat Credit on Input or Input Services or Capital Goods at 50% for 1st two years.
Kindly note, if you avail abatement(if its applicable for your taxable sector) then you cannot claim CENVAT CREDIT AT ALL !!!
CAclubindia
