Cenvat credit on capital goods
This query is : Resolved
12 August 2013
I have a doubt regarding Service Tax and it's CENVAT Credits. The Client Purchased a Capital Asset During the year and paid the Excise duty on it. The question is whether a Service Provider can claim Excise Duty on Capital Goods from Service Tax payable?,
Madhukar N Hiregange
(Expert)
12 August 2013
Yes 50% in the year of receipt and 50% in the subsequent years as long as the same is used in providing services liable to tax.
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