Cenvat credit of CVD

Queries 4294 views 8 replies

Dear Friends

A client had filed Service tax return on their own for 01/10/2008 to 31/03/09 before 25/04/09. They have ommitted to take cenvat credit for CVD duty, Edcess, Addn duty while filing return of income.

My query is that can we claim this cenvat credit during current financial year,

please reply

CA Rajesh Poddar

Replies (8)

Sir,

Can you give details regarding CVD,

means if it is CVD u/s 3(5) of Customs Act, it can not be utilised for payment of service tax

Yes the additional duty of customs (CVD) equivalent to central excise duty is available for capital good sused in provding the service and inputs used in provding the service provided that no abatement is claimed.

The basic customs duty ( normally 7.5%) or the Special addtional duty (4%) would notbe available.

hello sir

i have a query with regards to indirect tax. in one of my assessee what happened is CVD has been paid on traded goods on import and the same has been kept unutilised. I want to know whether this CVD can be set off with service tax liability on output service or not?

Regrds

Vivekanand

hello all,

i have a query that we received software activation code and paper   licence via email but my ploblem is that at the time of  outward remittance(other company outside india) what are the procedure that i maintain as per excise and income tax act please guide ,its urgent

Regards

Raju kumar

Hello Mr.Vivek anand,

As per definition of Input of service, any service used by a provider for providing an out put servcie will be eligible for Input. Hence, on the basis of  details,CVD on traded goods cant' be utilised against service tax liability.

Hello all,

 a query regarding the CVD - CVD IS Paid  on purchase of capital goods and the same can be setoff against service tax liability by taking credit.

 

can cenvat be availed on addition cvd on capital goods alongwith cvd

I have a question. My client is a dairy company who is exempt from excise tax. They pay special additional duty on goods imported which are later consumed in manufacturing. Can they get refund or utilise it against payment of service tax? Or is it a cost to the company?


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