can cenvat credit be claimed once regd under works contract
This query is : Resolved
Guest
Guest
(Querist)
16 February 2010
can cenvat credit be claimed once registered under works contract(composition scheme)instead of using 4.12%
CMA Ramesh Krishnan
(Expert)
16 February 2010
In Works contract first you need to choose the option for regular or composite scheme once choosed cannot be changed
Under composition scheme,service provider can avail cenvat on input services and capital goods- Circular 96/7/2007 Dt23.8.2007
Under composition scheme,service provider can avail cenvat on input services and capital goods- Circular 96/7/2007 Dt23.8.2007
CA.ViVeK M ACA
(Expert)
16 February 2010
I do agreed to the view of Mr Ramesh
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