Cenvat Credit

1421 views 3 replies

Hiiii,

I have a query …………….

We are share brokers and thus liable to Service Tax.

Now, as per Cenvat Credit Rules, 2004 we can claim Cenvat Credit on taxable input service received by us.

The problem is that we have many sub brokers for which (as per the terms of contracts) we reimburse their telephone bills, and various other expenses.

Now my query is, the telephone bills are in the name of the respective sub brokers , are we allowed to claim cenvat credit on the basis of such telephone bills reimbursed by us.  

Please provide me the relevant sections or provisions ..
Replies (3)
If the cost of tel.bill is your exp.then you can claim cenvet credit of these bills . but there is an agreement between both of u that this cost is reimb.by you and they incurr all exp.on your behalf.
but the telephone bills,insurance bills, etc,are in the name of our sub-brokers and not in our name.....that is a query all about...
can we claim cenvat credit on the basis of these documents.....
u can mail me if u have any doubt regarding the questions @ kapil_xaverian @ yahoo.com
No, you are not eligible to take the cenvat credit.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details