Wethere cenvat credit can be taken in case of work contract composition scheme because notification says that no duty and cess will be allowed under the same scheme
sudhir gautam (CA Final) (145 Points)
14 July 2009Wethere cenvat credit can be taken in case of work contract composition scheme because notification says that no duty and cess will be allowed under the same scheme
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 14 July 2009
Under the composition scheme for WC - cenvat credit of central excise duty paid for capital goods used for providing the service as well as the eligible input services is eligible for availment.
K Balasubramanian
(Service)
(22 Points)
Replied 15 July 2009
Yes. What is denied is only the Excise Duty on inputs which is not available under normal route also.
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