Cenvat credit

You can opt not to avail exemption from duty instead pay excise duty from the first very clearance and avail Cenvat credit, even within 150 lakhs.

Raksh*t Advocate

09810525780

Thanks Raksh*t

I was not aware that the exemption is not compulsary. If it is so, then I would definitely prefer to register right from the start so as to avail cenvat credit. Many thanks.

Dear Raksh*t

I  also want to know that while carrying out t\he fabrication work, I will hire a manpower contractor who will raise his invoice which will include service tax.

Can I take credit of that service tax? If yes what would be the procedure.

Thanks, Gaurav

Gaurav,

I would like to know what type of fabriation you intend to do and for whom (whether manufacturers or others). Since in case of fabrication, most of the times the manufacturers of the final goods transfer the goods to the fabricator under notification no. 214/86 by virtue of which no excise duty is chargeable by the fabricator.

Dear Jitesh

I would be doing fabrication work for EPC contractors who would be supplying to the customers.