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Cenvat credit on st paid n capitalised layer

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(Querist)
07 February 2014 please clarify whether 100 percent credit of service tax paid on input service , which was capitalised can be availed in the first year itself?
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Ajay Raghatate

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Ajay Raghatate (Expert)
07 February 2014 Yes,
But first you confirm to Input service tax is eligible for credit or not

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