A partnership firm has carried out extensive repairs to the factory building which are to be capitalised. The labour bills are inclusive of service tax. Can Cenvat Credit be availed?
Menu
Service tax paid on capital expenses
Replies (2)
Yes the credit can be claimed in full treating the repairs as input service ....but the ST paid on the same cannot be capitalised ............
Cenvat credit can be availed as defination of input service includes the services used in repair or modernisation of the factory.
Recent Topics :
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
- Compliance under Society Act 1860
- Hi experts need help
- How to object stamp duty value if property is sold
- Residential House property and it's loan can shown
- Income Tax Department Website Error While Importin
- Loan & Joining bonus to new employees Chief Ma
- Income Tax NUDGE Notice – Gift of Shares fro
- Is DIR-3KYC Needed
Related Topics :
CAclubindia
