Cenvat credit for capital goods equipments& outward freight
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2012
Dear experts
There is a two questions regarding cenvat credit.
(1)cenvat credit allowed for receipt of equipments for R&D purpose having capter no.84198930 for manufacturing unit?
(2)service tax paid on ourward freight on a GTA is eligiable for credit?If yes what is effective date?
Thanks to all experts
sandip
There is a two questions regarding cenvat credit.
(1)cenvat credit allowed for receipt of equipments for R&D purpose having capter no.84198930 for manufacturing unit?
(2)service tax paid on ourward freight on a GTA is eligiable for credit?If yes what is effective date?
Thanks to all experts
sandip
Arun Kumar Singh
(Expert)
26 August 2012
1. you can avail the cenvat credit receipt of equipment and component falling under chapter heading no. 84.
2. service tax paid on outward freight up to the place of removal is admissible. if place of removal is up to the buyer place then cenvat credit is admissible on outward freight.
2. service tax paid on outward freight up to the place of removal is admissible. if place of removal is up to the buyer place then cenvat credit is admissible on outward freight.
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