24 November 2015
Hello Experts, Please let me know can service provider (not manufacturer) can utilize cenvat of excise duty paid on capital goods to pay service tax liability. Actually rule 3 says "A manufacturer or producer of final products or a provider of taxable service shall be allowed to take credit" so I'm bit confused in CENVAT utilization without certificate of excise.
27 November 2015
Yes if you providing taxable output service then you can avail ccr on capital goods which is utilized in providing that output service...50% in first year remaining next year.
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