17 January 2014
"A" is provider of Crane Hire service. He took 2 more cranes on hire and supplied to his customer. Do he take cenvat credit of service tax on 2 cranes he hired for further supply ? Pl. ans on basis of CCR 2004 (2011-12)
17 January 2014
Yes , as his business is supply of tangible goods assets on rent/hire and for supply he purchase (procured) on rent/ hire the tangible goods, there is clear input output relation in the services he can take the credit of 2 cranes
CAclubindia
