CREDIT OF SERVICE TAX ON REPAIR-BUILDING

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Jiwan singh

Jiwan singh (Querist)
Follow

18 June 2008 CAN I TAKE CREDIT OF SERVICE TAX ON REPAIR-FACTORY BUILDING

PLEASE REPLAY

CA Anand Sarda

CA Anand Sarda (Expert)
Follow

20 June 2008 The Cenvat Credit Rules define ‘input services’ as services used, directly or indirectly, in relation to the manufacture of excisable goods. The definition includes other services such as those used in relation to setting up, modernisation and renovation of a factory, advertisement, sales promotion and market research. It also includes services relating to business such as accounting, auditing, financing, share registry, computer networking, security, coaching and training of employees. Accordingly, it is seen that almost all services used by a manufacturer of excisable goods would qualify as input services, and the service tax paid would be available for utilisation as Cenvat credit. Therefore, you may avail credit of the tax paid on ancillary services falling in the definition of input services and subject to other conditions

Jiwan singh

Jiwan singh (Querist)
Follow

20 June 2008 Thank you Mr.Anand

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now