CENVAT credit of Excise in Service tax payable
This query is : Resolved
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?
Can he avail the CENVAT credit of Excise duty paid on Material in payment of Service Tax?
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.
If the person himslef builds then credit would be denied since he is not using cement for renting.
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