Cenvat credit
This query is : Resolved
16 October 2015
Urgent''''
Dear Sir
Please solve My Proble.
I am Working in a company.
Company Regester in Service Tax . Not In Excise, My Company Receive a bill of 19,00,000/- From Reliance Industries. BED on Bill Is Rs:-2,11,111, Can i Claim Excise Duty Input for service tax Adjustment.
Dear Sir
Please solve My Proble.
I am Working in a company.
Company Regester in Service Tax . Not In Excise, My Company Receive a bill of 19,00,000/- From Reliance Industries. BED on Bill Is Rs:-2,11,111, Can i Claim Excise Duty Input for service tax Adjustment.
CA R SEETHARAMAN
(Expert)
17 October 2015
If it is a capital asset utilized for providing out put service you can claim 50% during the year.
CA AnKiT BoHrA (AB)
(Expert)
17 October 2015
yes it can be used in mah view.. stil wait for more expert comments
CA R SEETHARAMAN
(Expert)
17 October 2015
You can't avail cenvat credit on material purchased for trading.
CA R SEETHARAMAN
(Expert)
29 October 2015
See cenvat credit rules.
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