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Rent basis

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(Querist)
14 February 2016 I have purchase DG set for given on rent so can. I take credit 50%or100% can I make service tax bill. pl. guidendence
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
20 February 2016 If you have puchase the DG set then you can take the cenvat credit on 50% now and another balance in next financial year. If you have hire on rent then take the 100% credit of service tax.

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