banner_ad

CENVAT credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 October 2010 Dear Friends,

information: Service tax paid on electrical fittings, installations, and labor work for construction.


Query: Whether such service tax can be availed as capital goods (50%+50%) or input service (100%).


Query: Construction work done in previous year, no service tax availed at that time, whether allow to avail now (by 100% or 50%+50%)?

Guide with section, case or other.


Regards,
CA Ankit Shah,

And Thanks if reply.
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
21 October 2010 capital goods maens goods falling under chapter 82,84,85,90,6805 of the first schedule of central excise act.


If it comes under the above chapter, you can take 100% credit in this year.

As per law, in the year of recipt credit can be taken to the extent of 50%. since you have taken 0%, subsequent year you can take balance portion i.e. 100%.
Profile Image

CA Punit

Profile Image

CA Punit (Expert)
23 October 2010 i think CA Shailesh Kumar Bhagat is right...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details