Cenvat Credit
This query is : Resolved
21 January 2009
Hi CAs,
Query:
Whether Cenvat credit will be available on input and input services of EPC contracts for constructing Pipelines for Natural Gas?
EPC means Engineering,Procurement and commisioning.So,it includes both Material and Labour. So it includes Excise and service Tax both.
The assessee is service provider dealing in transportation of Gas on which Service Tax in payable.
U may send ur reply on ca.jigneshmaniyar@gmail.com
Thanks in Advance
Query:
Whether Cenvat credit will be available on input and input services of EPC contracts for constructing Pipelines for Natural Gas?
EPC means Engineering,Procurement and commisioning.So,it includes both Material and Labour. So it includes Excise and service Tax both.
The assessee is service provider dealing in transportation of Gas on which Service Tax in payable.
U may send ur reply on ca.jigneshmaniyar@gmail.com
Thanks in Advance
30 January 2009
As the service provided by you is an output service, you can take cenvat credit on input/capital goods and input service used in providing these output services. However, is you take credit on these items, you will not be able to avail composition scheme.
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