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Cenvat on service tax

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(Querist)
16 August 2012 Can CENVAT on service Tax on software (SAP-ERP being used in production,planning & control) be taken. Is this CENVAT to be taken as Capital goods i.e.. 50% + 50% or it can be taken as 100% . Being software it is not fitting in capital goods defination.
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CA Saiyum khan

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CA Saiyum khan (Expert)
16 August 2012 It can be taken @100% in the year of expenditure incurred. It has to be assured that credit taken amount has to be reduced from the amount of capitalisation.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
16 August 2012 50%- 50% is only for cenvat credit of excise duty and not for service tax.

Even if you book it as capital goods it will be considered as input service only and 100% credit will e allowed in the current year only.
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