VAT....................
This query is : Resolved
26 June 2008
VAT and CST paid on purchase on assets .
Is such classified as input credit in CENVAT rules
And if yes
Can we claim refund if such are not utilised ????
Is such classified as input credit in CENVAT rules
And if yes
Can we claim refund if such are not utilised ????
26 June 2008
No connection between VAT, CST and Service Tax except in only one case relevant to Works Contractors. Hence you cannot, emphatically, claim any credit under Cenvat Credit Rules nor refund from Service Tax department.
Also please stop using the "input credit" for service tax. It should be called as "Cenvat Credit on inputs/input services". May be corrected from your end.
Hope you are satisfied with above.
Bi
Also please stop using the "input credit" for service tax. It should be called as "Cenvat Credit on inputs/input services". May be corrected from your end.
Hope you are satisfied with above.
Bi
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