Ccr
This query is : Resolved
AVNEESH KUMAR
(Querist)
26 July 2013
a partnership firm is dealer of hero moter
cycle. there are two activities of this firm-
1) sales of motor cycle
2) servicing of motor cycle
Q.- the firm purchase a common computer software from hero moto agency for use in showroom for sales purchase of motor cycle and also for service center - the firm is paying service tax on servicing of motor cycle in service center . then the firm can book CCR on service tax paid on such software
cycle. there are two activities of this firm-
1) sales of motor cycle
2) servicing of motor cycle
Q.- the firm purchase a common computer software from hero moto agency for use in showroom for sales purchase of motor cycle and also for service center - the firm is paying service tax on servicing of motor cycle in service center . then the firm can book CCR on service tax paid on such software
Madhukar N Hiregange
(Expert)
28 July 2013
Capital goods cenvat available - 100%
Input services - Rule 6(3)- either keep separate records if bifrucatable under costing principles.
If not then margin on trading or 10% considered as exempted service. Say A
Credit x A divied by A + service income = credit not admissible. Balance eligible for credit.
Input services - Rule 6(3)- either keep separate records if bifrucatable under costing principles.
If not then margin on trading or 10% considered as exempted service. Say A
Credit x A divied by A + service income = credit not admissible. Balance eligible for credit.
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