We are utilizing the Cenvat Credit at the time of service tax payment but i have doubt in Cenvat Credits, Which credits can be utilized? Commonly capital goods Cenvat Credit utilized but in my organization we are taken the expenses of Telephone, Courier, Professional Fees, Consultancy Charges, Traveling Charges, etc., this are eligible for Cenvat Credit? Please advice me for correct payment of Service Tax.
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Service Tax Credit
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There 16 category of services which can be utilized irespective of one to one status... other than that can be claimed only by one to one basis....
for that refer cenat credit rules..
U can avail credit on input services which are used for providing output services...The nexus should be there...
Also check Rule 6 (5).
Also check Rule 6 (5).
Cenavt credit is allowed for input services if used exclusive for taxable services.
Or maintain sepearte books of accounts.
Or take 20% cenvat credit.
or as per rule 6 (5) covered 16 services, take 100% cenvat credit.
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