Hi to all...we are a service providing company and duly registered under service tax. My question is whether cenvat credit of the excise duty which we pay on capital goods for providing our service can be taken or not in the scenario when we are not registered under excise act...Please reply asap.
Menu
cenvat credit
Replies (2)
YES U CAN
YES U CAN TAKE CENVAT CREDIT 50% IN THE YEAR IN WHICH ASSETS PUT TO USE AND 50% THEREAFTER.
REGARDS,
MANOJ
Recent Topic
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
Related Topics
CAclubindia
