service tax and cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2010
A manufacturing company has given a contract for building its factory.The service tax to be paid on construction contract would come to Rs 10 lakhs.Can the Company take cenvat credit for this amount and adjust it against the Excise duty that will be payable on goods manufactured and sold from this factory?
Shyam Lal Naik
(Expert)
07 October 2010
Cenvat credit can be taken based on the ratio of the following case.
CCE, Vadodara vs. Videocon Industries Limited.
CCE, Vadodara vs. Videocon Industries Limited.
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