CENVAT CREDIT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 October 2010
Can we take cenvat credit of Research & Developement Expenditure in case of pharmaceutical company?
Kindly provide the case law relating to the same.
Kindly provide the case law relating to the same.
23 October 2010
Cenvet crtedit ? whether service or goods.
I think cenvet credit will be available. What is need of case law, this is act.
I think cenvet credit will be available. What is need of case law, this is act.
CMA Ramesh Krishnan
(Expert)
23 October 2010
yes.credit can be taken
The rule2(1) gives the inclusive definition of input service all services used for activities relates to business are input services, the definition not says activites relating to business pertaining to manufacture or provision of output service.so all input service used in activites relating to business are input services
The rule2(1) gives the inclusive definition of input service all services used for activities relates to business are input services, the definition not says activites relating to business pertaining to manufacture or provision of output service.so all input service used in activites relating to business are input services
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