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Cenvat of Service tax on capital goods installation

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(Querist)
18 January 2017 will the 50℅ formula apply on Cenvat on service tax on capital goods installation??
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Nagendra Hegde

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Nagendra Hegde (Expert)
18 January 2017 Cenvat credit of Duty of excise/BED paid on capital goods would be restricted to 50% in the year of receipt. It is not applicable to service tax credit

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