Cenvat Credit

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NEERAJ AGARWAL (Querist)

09 December 2016 Dear members it would be kind if someone could help me on this. Suppose if an intermediate product is out of GST say electricity and there are inputs say fuel coal etc reqd to generate that electricity. Now when that electricity is used as a intermediate product to generate a final product say aluminum . Will credit on inputs used to generate electricity (viz coal fuel other taxable input) be available!???

CA Suresh Jain

CA Suresh Jain (Expert)

10 December 2016 So far intermediate products are not in the picture in GST. GST is on supply of good and services

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)

12 December 2016 Credit would be available for the raw material, semi-finished and finished goods if they have GST component. If the raw material used in production of electricity is used for actual production of finished goods, credit would be available for the same.

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