a service provider has purchased capital good as defined under cenvat rules.as per the rule the service provider can claim input tax credit of cvd of excise.the assessee is a large tax payer.whether entire credit ofcvd of excise will be allowed in the year of purchase
or it will be restricted to 50%.
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cvd of vat
Replies (3)
From 1.7.2017 onwards GST is applicable and full input tax credit is available. Pl refer brochure for details:
https://www.cbec.gov.in/resources//htdocs-cbec/gst/input-tax-credit-mechanism-onlineversion-07june2017.pdf
query is regarding service tax regime
query is regarding service tax regime
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