Cenvat credit
This query is : Resolved
21 April 2016
Hello,
We had a GYM & SPA. I have purchase EQUIPMENTS for for Gym from import (USA). can we utilize the cvd and addtional duty against service tax payable. what we charge service tax from client in the invoice at the time registration.
Please tell me.
Thanks.
Sunil Arora
We had a GYM & SPA. I have purchase EQUIPMENTS for for Gym from import (USA). can we utilize the cvd and addtional duty against service tax payable. what we charge service tax from client in the invoice at the time registration.
Please tell me.
Thanks.
Sunil Arora
21 April 2016
You have to charge service tax on all receipts subject to this you can claim 50% cenvat credit in the first year on CVD balance in the next year.
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21 April 2016
Yes i agreed with Seetharaman Sir.
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