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
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- FCRA 6 E- Intimation
- NRI starting business in India
- Cash balance limit and property purchases limit
- Bank details not Visible on Traces Portal
- FORM 141 SDV query
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
