Cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2013
Hi All
Our company is a service provide. e are registered under Erection,commissioning & Installation. Now is is 70%60% & 40% Billing. We are billing to other parties like this percentage. We are taking services from other parties. and they are charging service tax to us. But we are charging maximum 70% service tax to other co. because we are in abatement service. My question is can we take CENVAT credit of service which we are paying to other parties.
Our company is a service provide. e are registered under Erection,commissioning & Installation. Now is is 70%60% & 40% Billing. We are billing to other parties like this percentage. We are taking services from other parties. and they are charging service tax to us. But we are charging maximum 70% service tax to other co. because we are in abatement service. My question is can we take CENVAT credit of service which we are paying to other parties.
CA Suresh Jain
(Expert)
11 August 2013
The abatement is is available only when CENVAT credit is not availed
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Capital gains in IT returns
- Capital Gains Tax on Inherited Mutual Fund
- Royalty payments to the Mining Department for procurement of murum - GST input
- Gift to nri relatives residing in usa
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
