Please guide on below matter, with suitable references:
In case of servicing of motor vehicle : can a service provider take cenvat credit of excise duty paid on plant & machineries used to provide such service ? if so to what extent.
thanks
Please guide on below matter, with suitable references:
In case of servicing of motor vehicle : can a service provider take cenvat credit of excise duty paid on plant & machineries used to provide such service ? if so to what extent.
thanks
You may claim the cenvat credit on the duty paid on such machineries as these are being used for provision of output service; as per Rule 3(1) of the Cenvat Credit Rules, 2004.
If You Are Paying service tax under Composit Scheme of Work Contract then you Can Not Claim Input of Excise.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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