Is cenvat credit availabe on output excise value????
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2015
1. I want to know, Does Cenvat Credit belong to Service tax only or excise also.
2. If Service tax is paid on inputs, It means One has balance of Cenvat credit can claim cenvat credit against service on outputs. Can Cenvat Credit of only Service tax be claimed against Excise duty on Out puts?
2. If Service tax is paid on inputs, It means One has balance of Cenvat credit can claim cenvat credit against service on outputs. Can Cenvat Credit of only Service tax be claimed against Excise duty on Out puts?
CA Prince Wadhwa
(Expert)
13 January 2015
cenvat credit rules covers central excise as well as service tax.
cenvat shall be available if services or inputs are being used for manufacture final/intermediate product in factory or used for providing output service.
so it may be said that cenvat for both inputs and input service may be availed subject to provisions stated in CCR,2004.
cenvat shall be available if services or inputs are being used for manufacture final/intermediate product in factory or used for providing output service.
so it may be said that cenvat for both inputs and input service may be availed subject to provisions stated in CCR,2004.
Rupesh Jain
(Expert)
14 January 2015
cenvat rule for both service tax and excise.
service tax provider can set off the liability of service tax agast the invput.
under excise you can claim the service tax cenvat for payment of excise duty.
service tax provider can set off the liability of service tax agast the invput.
under excise you can claim the service tax cenvat for payment of excise duty.
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