I, a Pvt Ltd Company is paying Service Tax on 50% of input service tax directly to the government. My question is whether I will get CENVAT Credit on the portion of Service Tax paid by me against Service Tax payable by me on Output Services
Mayur (Article) (25 Points)
07 August 2012I, a Pvt Ltd Company is paying Service Tax on 50% of input service tax directly to the government. My question is whether I will get CENVAT Credit on the portion of Service Tax paid by me against Service Tax payable by me on Output Services
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 08 August 2012
You are eligble for cenvat credit on 50% tax paid by you and 50% tax paid by the service provider. But the service shall qualify as input service as per CCR. If it is a constrcution service for setting up, it may not qualify. If it relates to repairs or maintanance, the credit is admissible.
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