banner_ad

Cenvat credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 January 2013 I am getting service tax on rental income and depositing it to Govt.of India. I am also earning some salary income and Capital gain.
Now, I am paying service tax towards purchasing a new commercial property, position of the property will be later next year (Payment under construction linked plan).

Should I take CENVAT credit of the service tax paid? If Yes, is it 100%, or 50% in this FY and 50% in next FY.

Thanks,
Rakesh Chaudhary
Profile Image

Kaushik Vinod

Profile Image

Kaushik Vinod (Expert)
10 January 2013 Dear Rakesh Ji,

No CENVAT Credit in terms of Rule 2(l) of CCR,2004 excluding part of the definition.
See Rule 2(l) of CCR,2004 from 01-07-2012.

Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details