Credit on Capital Goods
This query is : Resolved
02 January 2009
A company manufactre its own Bulding & Recived Bills From professionals & Contractor on which service Tax Charged
My Q Is that
1. Bulding which is construted capital goods or not falling in chapter 82-90 traiff
2. can he take credit of this service tax on Rent (When construction Complete)or not
If it is Capital goods Credit 50% or Whole allowed Because construction complete in Next 2 year
My Q Is that
1. Bulding which is construted capital goods or not falling in chapter 82-90 traiff
2. can he take credit of this service tax on Rent (When construction Complete)or not
If it is Capital goods Credit 50% or Whole allowed Because construction complete in Next 2 year
02 January 2009
If Company gets building constructed through contractor for business use, such building will be capital goods covered under chapter 82-90.
The company can get credit of service tax paid as per CENVAT credit rules,2004.
The company can get credit of service tax paid as per CENVAT credit rules,2004.
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