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Service tax input credit
We are manufacturer. purchased material from our vendor and he has charged freight including service tax @ 4.2%+0.5%+0.5% in the bill along with materials. can we take input credit of service tax. Please advise. Thank you
Replies (1)
Dear Sir,
As per Rule 2(1) of Cenvat Credit Rules 2004 "input service" means any service used by a provider of output service for providing an output service or used by the manufacturer, whether durectly or indirectly, in or relation to the production of final products and clearance of final products, upto the place of removal.
so you are elgible to take this cenvat credit and utilising the same for payment of duty/taxes on the final product/output services.
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