Availment of cenvat credit
This query is : Resolved
13 October 2015
SUPPOSE ABC COMPANY HAS IMPORT BUSINESS WHO ALSO PROVIDE MAINTENANCE OR REPAIR SERVICE TO THEIR CLIENTS ON SUCH IMPORTED PRODUCTS .
NOW MY QUESTION IS WHETHER ABC COMPANY CAN CLAIM CENVAT CREDIT ON SERVICE TAX PAID TO CLEARING AND FOPWARDING AGENT AT THE TIME OF IMPORTING PRODUCTS AGAINST SERVICE TAX ON MAINTENANCE OR REPAIR SERVICE.
CAN COMPANY TAKE CENVAT CREDIT OF SERVICE TAX RELATING TO TELEPHONE BILL OR FOR COURIER SERVICE ?
NOW MY QUESTION IS WHETHER ABC COMPANY CAN CLAIM CENVAT CREDIT ON SERVICE TAX PAID TO CLEARING AND FOPWARDING AGENT AT THE TIME OF IMPORTING PRODUCTS AGAINST SERVICE TAX ON MAINTENANCE OR REPAIR SERVICE.
CAN COMPANY TAKE CENVAT CREDIT OF SERVICE TAX RELATING TO TELEPHONE BILL OR FOR COURIER SERVICE ?
13 October 2015
Credit could be taken to the extent charges paid to clearing and forwarding agent for importation of spare parts used in the repair of products. Value of these spare parts should be included in the value of services for charging service tax. Credit not admissible for clearing charges paid on items resold as such.
Telephone and courier credit can be taken. But there would be need to reverse the credit under Rule 6 of Cenvat Credit Rules, 2004 attributable to trading activity.
Telephone and courier credit can be taken. But there would be need to reverse the credit under Rule 6 of Cenvat Credit Rules, 2004 attributable to trading activity.
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Copyright software
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- When TDS on GST applied
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
