We are the power generating companies, please give me whether power generating companies claim input tax
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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.
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