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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
