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sale of animal good or not

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(Querist)
25 January 2017 company was registered as Service provider. nature of business is lab testing on animals and paying service tax on services and company have own breeding facility. breeding animal use for studies and if any surplus animal sales to other labs. company get revenue on services and sale of animals. company paying rent to facilitate including breeding department and taking input on rent and adjusted against service tax payments. company Not paying any tax on sale of animals. clarification As per cenvat rules it correct or not. sale of animal is exempted good as central excise act.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 January 2017 No excise duty applicable on sale of animals.
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MURALI MOHAN V

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MURALI MOHAN V (Querist)
26 January 2017 breeding and sale of animal comes under trading. what treatment of common input of rent.
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MURALI MOHAN V

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MURALI MOHAN V (Querist)
26 January 2017 live animal comes under exciseable goods or exempted good
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 January 2017 It is exempted goods under excise. Deduct rent as expenses under income tax calculation.
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MURALI MOHAN V

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MURALI MOHAN V (Querist)
27 January 2017 what is the treatment of common cenvat credit as per cenvat rules.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 January 2017 Cenvat credit can be claimed only, when the input service is utilized for providing out put service.
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MURALI MOHAN V

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MURALI MOHAN V (Querist)
27 January 2017 any propornate calculation for common input.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 January 2017 Yes you can do that.
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