Eligibility of cenvat credit
This query is : Resolved
Raghav Bharadwaj
(Querist)
09 March 2013
Dear friends,
We are in the business of manpower recruitment services and now we are entering into the contracts with one of our clients and we are making payments in four equal installments (quarterly payment) so my query is can we take CENVAT credit Entirely as soon as we get into the contract, or we have to take CENVAT credit after all the payment is done or we are allowed to take CENVAT credit on proportionally (payment basis)
We are in the business of manpower recruitment services and now we are entering into the contracts with one of our clients and we are making payments in four equal installments (quarterly payment) so my query is can we take CENVAT credit Entirely as soon as we get into the contract, or we have to take CENVAT credit after all the payment is done or we are allowed to take CENVAT credit on proportionally (payment basis)
CA NIKHIL OZA
(Expert)
11 March 2013
Sir,
can you clear about of what(Input, Capital good or Input service) credit is to be taken..
can you clear about of what(Input, Capital good or Input service) credit is to be taken..
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