service tax for cenvat
This query is : Resolved
22 April 2009
we are a mfg unit regd under CE (availing full cenvat on inputs and also charging full excise on finished goods).
we pay service tax on various input services' bills like BSNL Telephone bill, courier bill, ISO Audit fee's bill, general insurance premium on factory bldg, machinery and stocks, legal & prof. charges bill (all bills in the name of the company).
we also pay service tax on inward freight, availing abatement ( on 25% of freight value).we have taken service tax regn no. only for this.
Now, (a) can we take credit of service tax paid on other input servicesas mentioned above-if we avail abatement on paying service tax on inward freight ? (b) can we take cenvat credit in excise for service tax paid on inward freight ?
seeking your advice with relevant rules / notification / judgements etc.
regards
anckoora
we pay service tax on various input services' bills like BSNL Telephone bill, courier bill, ISO Audit fee's bill, general insurance premium on factory bldg, machinery and stocks, legal & prof. charges bill (all bills in the name of the company).
we also pay service tax on inward freight, availing abatement ( on 25% of freight value).we have taken service tax regn no. only for this.
Now, (a) can we take credit of service tax paid on other input servicesas mentioned above-if we avail abatement on paying service tax on inward freight ? (b) can we take cenvat credit in excise for service tax paid on inward freight ?
seeking your advice with relevant rules / notification / judgements etc.
regards
anckoora
CA. Mahesh Agarwal
(Expert)
22 April 2009
Ya ofcourse,
Yes for both of ur questions.
Yes for both of ur questions.
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