Service tax- urgent

Queries 344 views 2 replies

   Interesting query:       Wheather Cenvat credit  can be denied on the basis that instead of maintaining seperate registers for capital goods  and input good , a single register has been maintained by the company with name of CAPITAL GOODS CENVAT REGISTER and credit on both capital as well as input goods are utilized from this register.

 

Please suggest and give your valuable comments

Replies (2)

Credit can not be denied. But insure that U R not manufacturing exempted goods or providing exempted services.

RAKSHIT

9810525780

But cant the credit be denied on the basis that, since input goods are not covered under the defination of capital goods and the register is capital goods cenvat register thus the assessee cant claim 

 


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