CENVAT Credit is available on Cement & Steel for construction of factory shed & structures &RCC Work
This query is : Resolved
15 December 2007
Dear Sirs,
Is there anyone please advised me that CENVAT credit is available or not, on Cement & Steel used for construction of Factory Shed, RCC Work & Structures for a new factory, where construction activities are not completed till now and where expenses are till treated as pre-operative expenditure and under heading Work-in-Progress.
Please advise suitably on my e-mail id bivas_kumar@yahoo.com or Mobile 092346-22243
Regards,
Bivas Nag
B.Com, PGDFM, E-MBA (Finance)
Accounts Officer,
INOX Air Products Limited
Is there anyone please advised me that CENVAT credit is available or not, on Cement & Steel used for construction of Factory Shed, RCC Work & Structures for a new factory, where construction activities are not completed till now and where expenses are till treated as pre-operative expenditure and under heading Work-in-Progress.
Please advise suitably on my e-mail id bivas_kumar@yahoo.com or Mobile 092346-22243
Regards,
Bivas Nag
B.Com, PGDFM, E-MBA (Finance)
Accounts Officer,
INOX Air Products Limited
Shyam Lal Naik
(Expert)
15 December 2007
Factory building or like structure are not capital goods for Cenvat Purpose. Hence, Credit for excise duty not available.
However, Service Tax, if any, paid on taxable services for the above purpose will be available as input services.
However, Service Tax, if any, paid on taxable services for the above purpose will be available as input services.
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