Regarding Input (Cenvat Credit)
This query is : Resolved
Nitin Panthri
(Querist)
28 October 2009
Dear All,
Pl tell me whether it is necessary to take Cenvat Credit of Service tax on services received must be connected with services the company/firm provides.
or company/firm can avail input of every service for which it paid.
eg.
> A company pays for the repair of vehicle of director or asset of co. then service tax on the Invoice of Repair can be availed as Cenvat Credit.
> Service tax paid on rent of warehouse in which the goods of company/firm is put, Can we avail that S.Tax as Cenvat Credit??
(The rent of ware house is not connected with the services which the co. provides)
Pls tell me I am in a great Confusion.
Regards,
Pl tell me whether it is necessary to take Cenvat Credit of Service tax on services received must be connected with services the company/firm provides.
or company/firm can avail input of every service for which it paid.
eg.
> A company pays for the repair of vehicle of director or asset of co. then service tax on the Invoice of Repair can be availed as Cenvat Credit.
> Service tax paid on rent of warehouse in which the goods of company/firm is put, Can we avail that S.Tax as Cenvat Credit??
(The rent of ware house is not connected with the services which the co. provides)
Pls tell me I am in a great Confusion.
Regards,
ANIL JANGID
(Expert)
28 October 2009
you should take credit on Service tax paid on rent of warehouse in which the goods of company/firm is put.
28 October 2009
i think , services related to concern covers to take input on service tax ie Service tax paid on rent of warehouse in which the goods of company but service tax paid on repair of Vehicle of Diretor not cover the concern so no input available
CA SANJAY MUKHERJEE
(Expert)
29 October 2009
Agree with Shaleen.
Nitin Panthri
(Querist)
29 October 2009
It means we can take cenvat credit of every service if related to any line of business... not directly to services..
am I right???
am I right???
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
