Cenvat on inputs
This query is : Resolved
Krishna Murty
(Querist)
13 September 2013
Sir
Kindly tell me the availability of cenvat credit before service tax registration
Kindly tell me the availability of cenvat credit before service tax registration
CA Mohit Bansal
(Expert)
13 September 2013
Not taking a registration is a procedural lapse which cannot result in a substantive benefit like cenvat credit.
In CCE vs. Ashok Leyland Ltd (210) E.L.T. 178 (SC) the Apex Court had held that a procedural lapse cannot disentitle availment of modvat credit.
In CCE vs. Ashok Leyland Ltd (210) E.L.T. 178 (SC) the Apex Court had held that a procedural lapse cannot disentitle availment of modvat credit.
Krishna Murty
(Querist)
13 September 2013
Sir
Before service tax registration we have no service tax liability.That is the reason we have not taken the service tax registration.Then tell me the availability of CENVAT on inputs.
Before service tax registration we have no service tax liability.That is the reason we have not taken the service tax registration.Then tell me the availability of CENVAT on inputs.
CA Mohit Bansal
(Expert)
14 September 2013
yes Mr. Murty, credit would be available
CA Mohit Bansal
(Expert)
14 September 2013
Yes Mr. Murty, credit would be available
Krishna Murty
(Querist)
15 September 2013
Thank You
Mr.Bansal. Kindly give proper reference for this.
Mr.Bansal. Kindly give proper reference for this.
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