Availment of service tax credit under r/c mechanism
This query is : Open
Dhananjay Jog
(Querist)
07 January 2013
Dear Experts,
We are a Mfg Unit & service receiver, we are paying service tax on the payment of staff Bus hired by us for our Mfg unit under R/C mechanism after availing abatement of 60 %.
My query is, Can we eligible to take Cenvat Credit on the payment of 40 % service tax paid by us ?
Thanks
We are a Mfg Unit & service receiver, we are paying service tax on the payment of staff Bus hired by us for our Mfg unit under R/C mechanism after availing abatement of 60 %.
My query is, Can we eligible to take Cenvat Credit on the payment of 40 % service tax paid by us ?
Thanks
Arun Kumar Singh
(Expert)
07 January 2013
Yes, you can avail the cenvat credit on service tax paid and you can utilise these cenvat credit to excise duty paid.
Dhananjay Jog
(Querist)
10 January 2013
Thanks !
Dhananjay Jog
(Querist)
19 January 2013
Please provide me If u have any notification regarding above availment.
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