Regarding Input (Cenvat Credit)

This query is : Resolved

Nitin Panthri (Querist)
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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,

ANIL JANGID

ANIL JANGID (Expert)
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28 October 2009 you should take credit on Service tax paid on rent of warehouse in which the goods of company/firm is put.

CA.Shaleen Srivastava

CA.Shaleen Srivastava (Expert)
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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

CA SANJAY MUKHERJEE (Expert)
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29 October 2009 Agree with Shaleen.

Nitin Panthri

Nitin Panthri (Querist)
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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???

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