Cenvat credit
This query is : Resolved
Rafeeq Mohammed
(Querist)
23 September 2014
If Abatement is applied on any input service can we avail Cenvat credit on amount of service tax paid after such abatement.
Example :
Invoice amount - Rs.100
Abatement obtained - 40%
Service tax paid - 100*60%*12.36%
Service tax paid after abatement - 7.416
Can we take cenvat credit on 7.416?
Example :
Invoice amount - Rs.100
Abatement obtained - 40%
Service tax paid - 100*60%*12.36%
Service tax paid after abatement - 7.416
Can we take cenvat credit on 7.416?
MOHAMMAD SALIM
(Expert)
02 October 2014
Service tax paid on abated value of the services received can be claimed as CENVAT Credit if it is covered under the definition of input service as provided in CENVAT Credit Rules, 2004
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