Procedure for CENVAT Rules

Dear friend,

1) You can avail  CENVAT credit on input  services - i.e. service tax paid on input services.

2) You can avail it  for last  one year , I do not understand, why you want to wait  till oct,2006.

3) For Procedure for CENVAT, please go through SHRI DATEY'S READY-RECKONER,which is  easily available at all bookstalls at a very resonable prices.

4) The definition of INPUT CREDIT is very vast. You will be able to cliam cenvet credit on various input services connected to your business.

5) As regards, cenvat credit on MOBILE BILLS, earlier it was denied on one or the other ground.However, it is held recently  that, it should be allowed. Hence, please avail the same after discussion with your range supritendent.

6) Please note that, you will be eligible for CENVAT CREDIT on INPUT SERVECES, only after PAYMENT TO  the INPUT SERVICE SUPPLIERS. (i.e. IF YOU DO NOT PAY THE INPUT SERVICE BILLS FOR EVER THEN,YOU WILL BE NOT ELIGIBLE FOR CENVAT CREDIT FOR EVER..) .in otherwords, first pay the bill and then avail the CENVAT CREDIT.

Thanks &  Regards,

MANJUANH

m.chanageri @ yahoo.com