Cenvat credit
This query is : Resolved
18 June 2014
our company is doing job work to his parent company and it is taking benefit of SSI under notification no 08/2003 and not take any credit of excise on purchases.
can you please give any idea to take credit of excise of RM and Fixed assets and taking benefit of job worker also.
19 June 2014
you can take option for not availing benefit of notification of 08/2003. and then you can take credit of RM and Fixed assets and job work service tax benefit you can take only when you use the job work items in mfg of goods. otherwise you can not take credit of service tax on job work items.
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