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?
CAclubindia
