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.
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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
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