Partner
361 Points
Joined August 2009
Hi Dilip,
Credit on Input Service is available from all services provided -
1. The service is provided for an output service against which you ask for a CENVAT Credit to set off.
2. The Input Service is used for the purpose of business and not personal.
3. The value of service plus all taxes on the same is paid.
4. The invoice contains category of service, registration number of service provider, his name and address plus your name and address.
5. The expense is genuine and actually incurred.
6. The output service is taxable and not exempt.
If all above conditions are satisfied then only you can take benefit of such credit. Moreover, sometimes credit availability depends on nature of Input Service. If you can provide names of it WE can tell you better.
Warm Regards.