Service Tax CENVAT Credit for the FY-2008-09
This query is : Resolved
01 January 2009
One of my clients is in to the business of Construction of warehousing gala. We are purchasing the material on which we are paying excise duty and used as input material for construction of galas.
After the completion of construction we have two options-
1. Renting the galas on which we collect ST.
2. Sale of Construction gala.( ST on 33% of it is attracted)
My question is Can we claim the Cenvat Credit from excise on material input against the service tax payable on rent and construction sale?
After the completion of construction we have two options-
1. Renting the galas on which we collect ST.
2. Sale of Construction gala.( ST on 33% of it is attracted)
My question is Can we claim the Cenvat Credit from excise on material input against the service tax payable on rent and construction sale?
03 January 2009
Yes you can get credit of serice tax paid on inpute materials.
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
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- LTCG for Assmt year 26-27
- E way bill for tractors
- Suggestions required for income tax filing-software (FY 2025-26)
- Loan by Partnership Firm
- Plot of land. Cost of Acquisition
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
