Excise credit against on service tax

sir,

i am purchase machinery with excise invoice.

can i cenvat credit this excise amt against service tax payable.

and also i purchase this machinery's parts from other menufacture with excise, can i clame this excise for cenvat credit against service tax?

thanking you

Replies (6)

Yes you can claim for CENVAT Credit  as per CENVAT Credit Rules 2004

You can adjust cenvat credit against service tax except for payment of GTA. i.e., under reverse charge mechanism.

yes. U can avail. 50% in current yr and balance in next year.

All above Opinions are Correct.

Addition to CA Sivakumar's opinion...

 

50% Credit in Current year, rest in the next year.

If you are an SSI unit, 100% credit in this year is available.

In case of parts & accessories, 100% credit can be claimed.

 

Regards,

Prateek

 yes it is availiable 50% current year and 50% next year.

Originally posted by : CA.B.Sivakumar
yes. U can avail.
50% in current yr and balance in next year.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details