cenvat credit on input service
This query is : Resolved
28 April 2014
Rule 2(l) of Cenvat Credit Rules defines "Input Services" and in its inclusive limb , the followings are expressly covered " services used in relation to modernization , renovation or repairs of factory , premises of provider of output services .......". However before 01/04/2011 in addition to services for the purpose of modernization , renovation or repairs of factory , premises --- , services in relation to setting up was also covered which is now discontinued w.e.f 01/04/2011 .
My doubt is :
Does setting up only mean to : setting up a new Company (Business) or also covered to new projects of an existing Company or even further extended to addition of a new business (addition to capital assets of a existing project of an existing Company) for service tax element .
Plz clarify me with suitable departmental notification/ case laws in which case cenvat credit for Input service is allowed and where it is not allowed.
My doubt is :
Does setting up only mean to : setting up a new Company (Business) or also covered to new projects of an existing Company or even further extended to addition of a new business (addition to capital assets of a existing project of an existing Company) for service tax element .
Plz clarify me with suitable departmental notification/ case laws in which case cenvat credit for Input service is allowed and where it is not allowed.
29 April 2014
SPECIALLY NOT A NOTIFICATION FOR CENVAT CREDIT TAKEN PURPOSE RULE ONLY FOR GUIDANCE TO AVAILING CENVAT CREDIT
ONLY APPLICABLE TO UR PAID DUTY OR INPUT SERVICE EXCLUSIVELY UR BUSINESS DEVELOPMENT OR REMODELING PURPOSE CAN AVAIL CENVAT.
BUT EXCLUSIVELY BUSINESS PURPOSE
ANY DOUBT FOR TAKING OF CREDIT ONCE TAKE ADVICE UR RANGE SUPERINTENDNET.
HE IS AUTHORITY FOR ANY DISSOLVED AND VERIFICATION OF RECORDS AFTER FILING OF ARE RETURN.
ONLY APPLICABLE TO UR PAID DUTY OR INPUT SERVICE EXCLUSIVELY UR BUSINESS DEVELOPMENT OR REMODELING PURPOSE CAN AVAIL CENVAT.
BUT EXCLUSIVELY BUSINESS PURPOSE
ANY DOUBT FOR TAKING OF CREDIT ONCE TAKE ADVICE UR RANGE SUPERINTENDNET.
HE IS AUTHORITY FOR ANY DISSOLVED AND VERIFICATION OF RECORDS AFTER FILING OF ARE RETURN.
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