Cenvat credit of capital goods in paying service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2013
Dear Experts,
There is a provision of Cenvat Credit of Excise Duty paid on Capital Goods in Service Tax. My Query is
Cenvat Credit is taken on Excise Duty but most of the time a person who are providing Services take capital assets like Computer, Furniture, electronic items etc from a trader and only VAT or sales tax in charged in that Invoice then how would he be able to take Cenvat Credit as not all assesses buy goods from manufacturer ??
Pls Advice
Thanks
There is a provision of Cenvat Credit of Excise Duty paid on Capital Goods in Service Tax. My Query is
Cenvat Credit is taken on Excise Duty but most of the time a person who are providing Services take capital assets like Computer, Furniture, electronic items etc from a trader and only VAT or sales tax in charged in that Invoice then how would he be able to take Cenvat Credit as not all assesses buy goods from manufacturer ??
Pls Advice
Thanks
10 November 2013
Yes thats why we are waiting for GST.
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