CENVAT credit of Excise in Service tax payable

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bhupesh saxena (Querist)
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30 March 2010 Q. A person use Excisable material to Built a property & after complition , He rent out such property and collect Service tax on rent under the head " Renting of Immovable property".
Can he avail the CENVAT credit of Excise duty paid on Material in payment of Service Tax?

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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31 March 2010 The iron and steel/ cement credits are only available to the contractor who engages in a works contract ( commercial construction) to be set off against the ST liability on the gross amount ( no abatement)
If the person himslef builds then credit would be denied since he is not using cement for renting.

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