The Notifications issued in the Union Budget, Cenvat Rules were amended and a new Notification No.3/2011 was issused by which the Input Services for the project construction etc are not eligible to avail input credit. Whether this is applicable to a case
M.S.Fabricated Structurals, Stresses,Built up sections, Roof Panel Turbo Ventilators, Roof Cladding etc used in the errection of a new Factory Shed. The supplier is providing a Service Tax Invoice with 10.30% S.T and 4% VAT.
Shall we be in order to avail this input credit in our books and as well VAT 4%
Please clarify.
CAclubindia
