Service tax credit
This query is : Resolved
k.v.satyanarayana
(Querist)
16 March 2014
friends can u pls tell me whether a manufacturing company can take credit for service tax paid on installation charges charged by seller of ups when paid on purchase of UPS(capital) or it will include in the cost of product. the ups was using in office.
16 March 2014
Service Tax Input Credit can be availed.
16 March 2014
I understand that CENVAT Credit on UPS cannot be availed. A manufacturer is eligible to claim CENVAT credit on input,capital goods and input services which are used for the manufacture of an excisable goods or the provision of taxable services but in case as it appears that UPS is being used in office thus it would not be availed.
MJ Krishnamurthy
(Expert)
16 March 2014
Mr CK Bajpai is correct.More over a manufacturer may not be having ST liability of similar kind,in which case only it will be permitted...mjk
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
