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CENVAT CREDIT

Queries 776 views 4 replies

DEAR ALL

I HAVE PAID SERVICE TAX RS. 25000 ON 01.04.2009. I HAVE STARTED A SREVICE PROVIDER ACTIVITY FROM 15.04.2009 AND GOT THE SRVICE TAX REGISTRATION ON 27.04.2009.

NOW MY QUESTION IS WHAT I CAN TAKEN THE CENVET CRDIT OF SERVICE TAX PAID ON RENT ON 01.04.2007. ( BEFORE GOT THE REGISTRATION NO. )

THANKS IN ADVANCE

CA NAVIN JAIN

Replies (4)

Hi Navin,

CENVAT Credit is always your right which can be available after registration as well but as you are a new service provider you first need to estimate your turnover as if its less than 10 lakh than u dont need to pay ST and so no question of availing credit on rent because ur exempt upto that limit.

If its more than 10 lakh than pay ST and avail credit.

Warm Regards.

Dear Naveen

For taking CENVAT credit , there is no need for registration but if you are the service paovider you have to registered urself . As you told that you register himself on time & you can took the credit & adjust the same

nice .Thnaks Mr Sorabh

Cenvat credit requires that the input service ( rent) is used in providing of the outpyut service which is liable for ST. The usage for the service is sufficient for credit to be available.


CCI Pro

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