Service Tax on Prefabricated Buildings Structures

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Supanekar (Querist)
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30 October 2009 We are in the process of buying the above
Structures for our New plant.Pl let us know whether we can take Service Tax on the same or if we can take Cenvat (capital Goods)50%.in this year and Balance in next yearif party is Furnishing Excise Duty Document.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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01 November 2009 Structures used as capital goods to be used for provding taxable services are eligible for credit upto 50% in year of receipt and balance in subsequent years.

If strcutures are inputs in provding the erection services then the credit is available provdied that the payment is made on the gross amount. ( without claiming any batament)

Supanekar

Supanekar (Querist)
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02 November 2009 thanks you

supanekar

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