Security chgs service tax
This query is : Resolved
17 August 2007
Can Service tax charged in bill by a Security service agency be taken as credit/set-off against excise duty payment?
17 August 2007
It is said that as It's not related to production/ manufacturing so No credit is eligible. is this true? our company is manufacturer of road safety products (crash barriers).
18 August 2007
If you are engaging service of security agency for the security of your factory, it is related to production.
The defination of Input service covers services used by the manufacturer whether directly or indirectly in the manufacture.
Further, Rule6(5) of Cenvat Credit Rules specifies Security Agency Service among other service as eligible for 100% credit even if partly used for production of exempted products.
SETOFF CAN BE TAKEN.
The defination of Input service covers services used by the manufacturer whether directly or indirectly in the manufacture.
Further, Rule6(5) of Cenvat Credit Rules specifies Security Agency Service among other service as eligible for 100% credit even if partly used for production of exempted products.
SETOFF CAN BE TAKEN.
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