Cenvat cerdit in case of first stage dealer
This query is : Resolved
07 February 2017
Dear Expert Please advice,
suppose a company is registered in Excise Act as first stage dealer, can the company avail Cenvat Credit on purchase and further such Cenvat credit can be utilised against service tax payable on output service i.e. service tax payable on commission on consignment sales?
suppose a company is registered in Excise Act as first stage dealer, can the company avail Cenvat Credit on purchase and further such Cenvat credit can be utilised against service tax payable on output service i.e. service tax payable on commission on consignment sales?
13 February 2017
You can take the both input and input services credit.
16 February 2017
can we adjust such cenvat credit against service tax payable on consignment sale?
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