Regarding claim of input tax credit
This query is : Resolved
21 April 2013
Dear Experts,
I have a query regarding claim of Input Tax Credit. My client have 2 offices Delhi(H.O) & Chennai. My client provide services from Chennai site (only Chennai office is Registered with ACES(CBEC)).
My question is whether we can claim Input tax credit paid on any service received in Delhi office ?
I also need your advice if we would register our Delhi office as centralized billing/accounting center, then can we claim Input tax credit paid for services received at Delhi Office..?
I have a query regarding claim of Input Tax Credit. My client have 2 offices Delhi(H.O) & Chennai. My client provide services from Chennai site (only Chennai office is Registered with ACES(CBEC)).
My question is whether we can claim Input tax credit paid on any service received in Delhi office ?
I also need your advice if we would register our Delhi office as centralized billing/accounting center, then can we claim Input tax credit paid for services received at Delhi Office..?
23 April 2013
when you will get centralized registration the accoputoing/billing will be done at one place for all the services received and provided, hence credit can be taken in such case.
if you don't want centralised registration another option is to register your other office as input service distributor, but then you have to check rule 7 for conditions on availing the credit.
refer rule 2(m)and 2(l) of CENVAT CREDIT RULES, 2004 (amended after finance act 2012)
if you don't want centralised registration another option is to register your other office as input service distributor, but then you have to check rule 7 for conditions on availing the credit.
refer rule 2(m)and 2(l) of CENVAT CREDIT RULES, 2004 (amended after finance act 2012)
Message likes :
1 times
27 April 2013
Thanks Vikas jee, I have one more query, regarding claim of CENVAT Credit, If we received any service then Is there any requirement for direct nexus with taxable output service...??
27 April 2013
Thanks Vikas jee, I have one more query, regarding claim of CENVAT Credit, If we received any service then Is there any requirement for direct nexus with taxable output service...??
27 April 2013
direct nexus not mandatory, though must be used for providing output service.
before taking credit would be better if u will check rule 2(l) of cenvat credit rules.
if then any query u can ask
before taking credit would be better if u will check rule 2(l) of cenvat credit rules.
if then any query u can ask
30 June 2013
I agree with the expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
