Can s.t. to be taken as credit for the unit availing 49/2003

Queries 433 views 2 replies

Harsh Adhyaru

Sr.Officer

38 Points Joined April 2011

Respcted Friends,

I would like to know that , "can any unit located in Uttarakhand availing benefit of Notification no.-49/2003-C.E., dated 10-06-2003 take Service Tax credit in its CENVAT account which are charged by service provider to the uint and passed on to the Unit located in uttarakhand. Services like ( BAS,BSS,Management consultancy). or has to be consider its expense.

Kinldy guide me , it will be very much helpful to me as well as others like me to increse knowledge.

Regards,

Harsh Adhyaru

Replies (2)

CA Sripal Jain

Associate Finance

709 Points Joined January 2009

DEAR HARSH SIR,

https://www.eximguru.com/notifications/exercising-option-to-avail-of-12967.aspx.... PLEASE GO THROUGH THE NOTIFICATION AS FAR AS I KNOW ANY UNIT IN UTTARAKHAND CAN AVAIL THE CREDIT OF CENVAT...

REGARDS

SRIPAL JAIN

CA Sripal Jain

Associate Finance

709 Points Joined January 2009

however as per clause 105 of section 65 of finance act 1994, the above mentioned services may be allowed as credit unless such service is used exclusively in relation to manufacture of exempted goods or providing exempted services....

if u prove tht the services are not used in relation to exempted goods then u can avail ..

regards

sripal jain