Service tax credit
This query is : Resolved
14 May 2012
Dear Sir,
pls suggest, can a manufacturer take service tax credit on bills of canteen , canteen run in factory premises...
Regards
Vivek Verma
CA.Final Student
pls suggest, can a manufacturer take service tax credit on bills of canteen , canteen run in factory premises...
Regards
Vivek Verma
CA.Final Student
14 May 2012
hey friend,
as per the cenvet credit rules, credit can be avail on input, capital goods and input services, if it is received in the factory and used in or in relation to mfg of taxable goods....
as in your case, credit on bills of canteen is not eligible for credit, bcoz of it is not used in or in relation to mfg of taxable goods...
as per the cenvet credit rules, credit can be avail on input, capital goods and input services, if it is received in the factory and used in or in relation to mfg of taxable goods....
as in your case, credit on bills of canteen is not eligible for credit, bcoz of it is not used in or in relation to mfg of taxable goods...
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