banner_ad

Cenvat availability

Queries 488 views 6 replies

Dear Sir,

1. There is a newly formed construction company which has incurred expenditure of soil testing, architect and designer charges for its upcoming project where construction is going to start very soon. 

2. It will start collecting booking amount and advance amount once it starts its construction. Thus service tax liability will arise once construction starts.

Can it avail the CENVAT on such payments made as mentioned in point no. 1?

 

Replies (6)

Yes cenvat credit of such expendtiture will be available as it is used in providing output service. The cenvat credit can be accumulated and the credit can be set off when output liability arises.

Bravo Nirav Worah 

Originally posted by : ANIL KUMAR

Bravo Nirav Worah 


Hehe....but why sir?
 

It is the power of knowledge , that a student is repplying to

a qualified person.

So , Dear un doubtly your are eligible of my that comment.

I praise you dear 

Thanks a lot sir.

 

Thanks a lot Nirav Worah and Anil Kumar... :)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details