an assessee is engaged in construction business. he paid 159360 including st @ 12.36% for structural fabrication erection with painting of pump for plant. now ca he claim credit of st paid.
Menu
Credit of st
Replies (1)
Yes....assesee can claim of ST piad on input services used for structure laying becuse he is enghagged in construction business.....but assume assessee is in business of manufacturing any product...then the inputs and input services used by him and the tax and excise duty paid would not be available to him as Cenvat creditt ...bcos Rule 2 (i) and 2(k) of CCR, 2004 specifically exclude such input and input services....
Recent Topics :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
