Utilisation of Cenvat on Goods for Service Tax Liability
This query is : Resolved
15 March 2009
Our company is engaged in manufacturing of Automotive Parts. The company have available Cenvat Credit on purchase of Capital Goods and Inputs for manufacture of goods.
The company have also the registration No. for Consulting Engg. Services under service tax act.
The company has provided a consulting engg. services and hv to make payment of Rs. 10 lac on account of service tax.
My question is whether this amount of service tax liabilty payable by us can be adjusted from Cenvat credit available by us on purchase of Capital Goods and Inputs.
Our company is engaged in manufacturing of Automotive Parts. The company have available Cenvat Credit on purchase of Capital Goods and Inputs for manufacture of goods.
The company have also the registration No. for Consulting Engg. Services under service tax act.
The company has provided a consulting engg. services and hv to make payment of Rs. 10 lac on account of service tax.
My question is whether this amount of service tax liabilty payable by us can be adjusted from Cenvat credit available by us on purchase of Capital Goods and Inputs.
15 March 2009
Since your Co has Service Tax Reg. No. separately and providing services apart from Manufacturing Activites so your Co. can avail Input Credit only on Input Services used for Consulting Engg.
Therefor Co. can not take Cenvat credit for payment of Rs.10 Lac
Therefor Co. can not take Cenvat credit for payment of Rs.10 Lac
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
