Whether a Hospital ( services of which are exempted from service tax) can avail the Cenvat credit on the Capital goods purchased by it under the Cenvat Credit Rules 2004 ?
Menu
Cenvat credit availment
Replies (2)
They can not avail the cenvat credit on capital goods purchased which is used for exempted service
As per the provisions of Cenvat Credit Rules, 2004, Cenvat credit on Capital goods is not admissible of the same are used exclusively in in providing exempted services
Rule 6(4) of Cenvat Credit Rules, 2004 -
No CENVAT credit shall be allowed on capital goods which are used exclusively in the manufacture of exempted goods or in providing exempted services, other than the final products which are exempt from the whole of the duty of excise leviable thereon under any notification where exemption is granted based upon the value or quantity of clearances made in a financial year.
Recent Topics :
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
Related Topics :
CAclubindia
