Input Credit on Capital Items (urgent PLZ)

This query is : Resolved

Amar Agarwal (Querist)
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04 December 2008 In our co. We are taking Input Credit on Excise and Service Tax and utilised against Output for Service Tax.

We dont have any Excise Tax Liability.

Our Output Service are charged at different rates 12%(normal Service TAX),4%(Works Contract) & 3.96%(commissioning.& Erection at abated rate).

My issue is that if any capital items is purchased and utilised for all the above services then whether input credit can be taken for payment of above service tax.

PLZ give reference

CA. Mahesh Agarwal

CA. Mahesh Agarwal (Expert)
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04 December 2008 yes you can take cenvat of excise duty and service tax paid on capital goods.
See CCR-2004

Amar Agarwal

Amar Agarwal (Querist)
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05 December 2008 kindly confirm credit is available even it is used for abated rate services..........

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