Cenvat utilization
This query is : Resolved
24 November 2015
Hello Experts,
Please let me know can service provider (not manufacturer) can utilize cenvat of excise duty paid on capital goods to pay service tax liability.
Actually rule 3 says "A manufacturer or producer of final products or a provider of taxable service shall be allowed to take credit" so I'm bit confused in CENVAT utilization without certificate of excise.
Please let me know can service provider (not manufacturer) can utilize cenvat of excise duty paid on capital goods to pay service tax liability.
Actually rule 3 says "A manufacturer or producer of final products or a provider of taxable service shall be allowed to take credit" so I'm bit confused in CENVAT utilization without certificate of excise.
CA R SEETHARAMAN
(Expert)
24 November 2015
Yes it can be claimed up to 50% in the first year on capital goods used for providing out put service.
Message likes :
1 times
27 November 2015
Yes if you providing taxable output service then you can avail ccr on capital goods which is utilized in providing that output service...50% in first year remaining next year.
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