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Cenvat credit before production

Queries 1368 views 3 replies

Dear sir

Availment of cenvat credit before commencement of bussiness or commercial production wheather eligible or not ?

inrespect of the following

1. Cenvat credit on input services

3. Excise duty / Service tax on capital goods


Thanks

Replies (3)

Cenvat credit of excise duty on capital goods and inputs purchased prior to commencement of production is eligible. But input services used in relation to setting up does not qualify for cenvat credit.

Ya. I agree with Nair Sir

Availment of cenvat credit before commencement of bussiness or commercial production wheather eligible or not ?

inrespect of the following :

1. Cenvat credit on input services

Ans : Input services used in before settinng up not elligible for cenvat credit.

2. Excise duty / Service tax on capital goods

Ans : Cenvat credit of excise duty on capital goods and inputs before commencement of commercial production are elligible.



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