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By :
Rakesh
[ Scorecard : 19]
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ON : 5/10/2007 4:20:41 PM
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hello
my qst. is that
a manufacturing company can get input service tax credit or not
and if it can
on which services it can include for getting the service
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By :
Rajeshmittal
[ Scorecard : 68]
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ON : 5/10/2007 4:20:41 PM
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Yes a manufacturing company can avail the input for input service tax credit for any service relating to manufacturing or tthe service rendered in the premises or related premises in relationship manufacturing accounting auditing marketing etc . Kindly refer to Rule 2L of cenvet rules 2004
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By :
Sanjay Dwivedi
Advocate & Consultant
[ Scorecard : 61]
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ON : 5/10/2007 4:20:41 PM
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Dear Sir,
Since 10th September 2004, the manufacturers have become eligible to credit of tax paid on ‘input services’.
The term ‘input service’ has been defined in the ‘rules’. Broadly speaking all the services used for
- manufacture of the goods
- clearance of the goods
- the business of manufacture
Following services are included in the definition (i.e. credit can be availed on the following input services also):
i. Services used in relation to setting up, modernization, renovation or repairs of
§ factory
§ Office (related to the factory)
ii. Tax paid on Advertisement, Sales promotion, Market research,
iii. Storage upto place of removal,
iv. Procurement of inputs (taxable under business auxiliary services)
v. Activities relating to business such as accounting, auditing, financing, recruitment, quality control, coaching & training, computer networking, credit rating, share registry, and
vi. Security, inward transportation of inputs/ capital goods and outward transportation upto the place of removal.
Thanks,
Sanjay Dwivedi
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By :
Vk Duggal
[ Scorecard : 307]
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ON : 5/10/2007 4:20:41 PM
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Credit for the input service tax can be availed by a unit engaged in manufacturing as rightly indicated by Mr. Sanjay.
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By :
Ankit Bhatia
[ Scorecard : 163]
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ON : 5/10/2007 4:20:41 PM
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Yes u can very well get credit on serv tax paid on Input services.Now defn of Input Service is very very vast and almost all serv will be eligible for credit.
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By :
Ankit Bhatia
[ Scorecard : 163]
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ON : 5/10/2007 4:20:41 PM
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Yes u can very well get credit on serv tax paid on Input services.Now defn of Input Service is very very vast and almost all serv will be eligible for credit.refer to Cenvat Rules for definition.
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By :
Amit
[ Scorecard : 61]
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ON : 5/10/2007 4:20:41 PM
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yes u can get
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By :
V.A ARAVIND KUMAR
TAX ANALYST
[ Scorecard : 19]
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ON : 5/12/2007 1:26:40 PM
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HI - if you look into cenvat credit rules 2004 - it clearly says - a manf can avail service tax credit. Manufacturer is eligible to take Crt on all services used in direct or indirect relation to manf of taxable goods
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By :
PRASAD
OFFICER - EXCISE
[ Scorecard : 13]
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ON : 6/28/2007 7:17:15 AM
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as per your details regarding service tax credit, can you pl. guide what is the limit time that an assessee can hold the credit and utilize the same after a period of time
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By :
Dinessh Kumar
Articled Asst.,
[ Scorecard : 180]
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ON : 9/24/2007 7:20:53 PM
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Yes. A manuf. can avail service tax as input credit and he can even utilise the credit against the payment of excise duty
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By :
Dinessh Kumar
Articled Asst.,
[ Scorecard : 180]
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ON : 9/24/2007 7:21:37 PM
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Hi Prasad,
There is no time limit for utilising the credit as in the case of TN VAT
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By :
vijayalakshmi (Guest)
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ON : 10/25/2007 12:28:51 PM
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please clarify that the service tax input credit amount time limit to take credit
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By :
arun (Guest)
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ON : 11/12/2007 2:37:05 PM
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Service Tax
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By :
AYYAPPASWAMY PVLSK
Chartered Accountant
[ Scorecard : 178]
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ON : 11/14/2007 10:42:16 PM
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A company engaged in manufacturing/producing/providing output services, can eligble for cenvat credit
provided the final product/output service is not exempt from tax or charges at nil rate of duty.
credit can be taken at the time of receipt of material and in case of service tax credit allowed only after the payment of service (including service tax) to the provider.
cenvat credit rules has not provided anything about time limit. but eligible for credit at the time of receipt/payment of input service
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By :
rutambh
.....
[ Scorecard : 82]
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ON : 11/15/2007 8:21:20 AM
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Sir, Still it is required to clarify that if mfg.er (A)is doing trading activity also , in this case mfg.er can availe ser tax paid -GTA for incoming finished goods from other mfg.er(B)?
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By :
ajay garg
Service
[ Scorecard : 68]
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ON : 11/15/2007 5:54:54 PM
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No. If manufaturer who is engaged in trading activity, credit will not be available to the manufaturer on which services related to trading activity,
As per the service tax rule, it is clear cut mention that in or in relation of final product. Hence trading goods is not a final product of the manufaturer.
Ajay Garg
J.K.WHITE CEMENT WORKS
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By :
Vijay K. Agrawal
Service
[ Scorecard : 382]
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ON : 11/16/2007 1:14:59 PM
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you will get credit of cenvat credit paid on GTA for incoming finished goods for trading purpose also.
in case of doubt pl mail to me vijay.agrawal @ acccement.com
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By :
rutambh
.....
[ Scorecard : 82]
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ON : 11/16/2007 2:22:37 PM
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Mr Ajay Garg , Mr Vijay Agrawal and Experts ,
Thanks for reply ,
Here , can we argue that any activities / service relating to business means “ input service” and it will be eligible for Credit ? incase of query - mfg.er (A)is doing trading activity also , in this case mfg.er can availe ser tax paid -GTA for incoming finished goods from other mfg.er(B)?
2(l) “Input service” means any service,-
(i) used by a provider of taxable service for providing an output service; or
(ii) used by the manufacturer, whether directly or indirectly, in or in relation to the manufacture of final products and clearance of final products from the place of removal,
and includes services used in relation to setting up, modernization, renovation or repairs of a factory, premises of provider of output service or an office relating to such factory or premises, advertisement or sales promotion, market research, storage upto the place of removal, procurement of inputs, activities relating to business, such as accounting, auditing, financing, recruitment and quality control, coaching and training, computer networking, credit rating, share registry, and security inward transportation of inputs or capital goods and outward transportation upto the place of removal.
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By :
MumbaiProperties
Realtor
[ Scorecard : 29]
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ON : 11/16/2007 8:44:39 PM
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What are the Input Service Tax Credit that i can get in my Business of Real Estate Consultancy ?
I currently get credit of service tax paid on telephone bills and i have got conflicting advice on getting credit for Service Tax paid on my mobile phone bills.
Would appreciate if the learned people here can tell me
1. if i can claim service tax input on Cell Phone bills ( I get a consolidated bill for 8 of my cell phone bills given to my staff, under my properietor firm name)
2. Any other input credit that i can avail of ?
Regards
Ram
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By :
ajay garg
Service
[ Scorecard : 68]
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ON : 11/17/2007 9:54:05 AM
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Dear Mr. Ram
It is very crystal clear vide service tax ciruclar no. 97 / 8 /2007, New Delhi, the 23rd August, 2007 and as per the circular;
"admissibility of CENVAT credit on service tax paid in respect of mobile phones. In the Service Tax Credit Rules, 2002, it was prescribed that credit of service tax was admissible only on telephone connection installed in the business premises. A clarification to this effect was also issued vide circular No. 59/8/2003-ST, dated 20.6.2003, in the context of the Service Tax Credit Rules, 2002. However, in the CENVAT Credit Rules, 2004 no such condition has been prescribed. Therefore, w.e.f. 10.9.2004, credit of service tax paid in respect of mobile telephone service is admissible, provided the mobile phone is used for providing output service or used in or in relation to manufacture of finished goods."
And further, if any service which is relatated to your business comes under service tax net and you
have paid the service tax then you are eligable for service tax credit and can take the set-off at the time of payment of serviec tax.
Regards
Ajay garg
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