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Cenvat credit of Excise duty

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Senior Audit Manager
227 Points Posted on 10 February 2011

Please let me know that can we take cenvat credit of excise on purchase goods which is used by the company for Work contract services.

However the company is not charging any excise in its billing for Work contract

Regards

Asif

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On 10 February 2011 at 18:22 Report
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glidor@gmail.com
21068 Points Posted on 10 February 2011

 

Rule 3(2) of the Works Contract
(Composition Scheme for Payment of
service Tax) Rules, 2007 provides that
the provider of taxable service opting to
pay service tax under the composition
scheme is not entitled to take CENVAT
credit of duty on inputs, used in or in
relation to the said works contract, under
the provisions of the CENVAT Credit
Rules, 2004.
There is no restriction under Notification
No. 32/2007- Service Tax dated
22.5.2007 to take CENVAT credit of duty
paid on capital goods and service tax
paid on input services
62 Reply
On 10 February 2011 at 21:16


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