We are the power generating companies, please give me whether power generating companies claim input tax
Menu
Power Generation Companies claim input tax credit
Replies (2)
You can take input credit of those service which you recd for providing output service i.e. power generate.
if u are liable to pay excise / service tax then only u can take input credit of "taxable input services" required for providing Taxable out put services, and cenvat credit on capital goods.
power is neither in service tax nor in excise so input credit does not arise.
Recent Topics :
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
Related Topics :
CAclubindia
