Cenvat Credit

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mohan rao (Querist)
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03 January 2009 Dear Sir,

we are constructing a hotel and utilising the Sevices of Architects and Designers and Consultants

The Cenvat Credit for Service Tax on Professional Charges Shall We take ?

Our Output Services will start after 2 years

Shall we Set off the cenvat credit to the Output Service which will accrues after some period of time

annapurna

annapurna (Expert)
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06 January 2009 It is agreed that u r constructing the hotel and for the same u have utilsed the services of architects, designers and consultants. You can take the CENVAT credit of such service tax if it is used in the course of provision of output service. There is no time limit to set off the CENVAT Credit, so as per my view u can set off the CENVAT credit to the output service which will be provided after two years.

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