Cenvat credit on abatements
This query is : Resolved
16 March 2013
If the service provider is enjoying abatement, it clear that he wont be able to take canvat credit ?
But i am little confused to know , can we atleast take Cenvat credit on those input invoices which service tax has been levied after abatement ?
Eg, If i charge 3.09 % on output invoices, abatement wont be available on input invoices with 12.36% but will it be available for invoices which also have 3.09 % or other abatement rates ?
Pls clarify my problem.
Thanks !
But i am little confused to know , can we atleast take Cenvat credit on those input invoices which service tax has been levied after abatement ?
Eg, If i charge 3.09 % on output invoices, abatement wont be available on input invoices with 12.36% but will it be available for invoices which also have 3.09 % or other abatement rates ?
Pls clarify my problem.
Thanks !
16 March 2013
HI Shruti,
You hav the answer in ur question itself.
If the service provider is enjoying abatement, he wont be able to take cenvat credit on whatsoever input....viz. be it 3.09% or 12.36%.
You hav the answer in ur question itself.
If the service provider is enjoying abatement, he wont be able to take cenvat credit on whatsoever input....viz. be it 3.09% or 12.36%.
16 March 2013
Okay. got it. Thank U.
16 March 2013
The Provision Has Been Changed from 01/07/12.
Now You Can Avail CENVAT Credit on Services on Which Abatement Claimed Except Some Point Need to be Considered.
Pls Tell Service Name, so that i can throw more light upon this issue.
Now You Can Avail CENVAT Credit on Services on Which Abatement Claimed Except Some Point Need to be Considered.
Pls Tell Service Name, so that i can throw more light upon this issue.
24 April 2013
Read With Notification No. 26/2012-ST dated 20-6-2012
01 April 2015
Availing Abatement in case of Pakage Tour .
Input is allowed in that case?
Input is allowed in that case?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
