availing of CENVAT CREDIT.
This query is : Resolved
23 August 2008
Dear Sir/ madam,
Would u please tell me..
Our client has Maruthi Authorised service station.Whether he has to utilise 100 % cenvat credit on service tax payble or 20 % cenvat credit on ST payable ?
Are there any notification or case studies in this regard ?
Would u please tell me..
Our client has Maruthi Authorised service station.Whether he has to utilise 100 % cenvat credit on service tax payble or 20 % cenvat credit on ST payable ?
Are there any notification or case studies in this regard ?
24 August 2008
All inputs and input services can be claimed as CENVAT. The restriction is when an assessee is providing taxable and non-taxable service. In that case 8% of the value of non taxable service has to be reversed. The 80:20 rule is not in existant wef 1.4.2008. Therefore prima facie on facts above, there is no CENVAT restriction.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Rent lease agreement
- Relief u/s Section 89
- STCG FOR GOLD ETFs
- REGARDING SECTION 44AE
- SALE BILL AGAINST GOODS RETURN
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
