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100% e.o.u

This query is : Resolved 

19 December 2015 Dear Experts,
I am working in a 100% E.O.U.Some times we having DTA sales. Now my question is can we take service tax credit on below categories.
1. Banking & finance
2. Manpower
3. Security
4. G.T.A in coming.
Kindly confirm.
Thanking you,
R.Dutta

22 December 2015 At present, EOUs ( including STP/EHTP units) are allowed to import as well as procure goods from domestic tariff area without payment of duty. Therefore, there was no necessity for extending CENVAT credit facility to them. However, some EOUs have to procure their raw materials on payment of duty also. As a trade facilitation measure, it has been decided to allow EOUs (including STP/EHTP units) an option either to procure the goods from DTA without payment of duty under CT-3 procedure or to procure the goods on payment of duty and avail CENVAT credit. The credit could be utilized by them as per the Cenvat Credit Rules, 2004, including payment of duty on their DTA sales.

Regards,


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