SSI UNIT CAN AVAIL SERVICE TAX CREDIT ON INPUTS

Capital goods used for provding taxable services - credit is available in full- upto 50% in the year of receipt and balance in subsequent years.

Inputs used for provding taxable services central excise duty credits available in full. However no credit on inputs used for exempted goods ( upto Rs.150 lakhs)

Input services Credit (ISC)used exclusivley for taxable services available in full; ISC for exempted goods - 0%; common services - 16 specified in Rule 6 (5) - available 100%. Others proportinate as set out in Rule 6 (3). [ if not significant this need not be calcuated]

CENVAT credit can be availed if the benefit of the exemption is not taken. It doesnt matter whether t/o exceeds 1.5 crore or not. However for availing such input credit excise will have to be paid on the product manufactured though the t/o is below 1.5 crore.

The possibility of central excise duty being exempt under Not.8/2003 upto Rs.150 Lakhs along with service tax payable after exemption of Rs 10 Lakhs exists and can happen./

Once taxable services provided the possibility of credits as mentine in the earlier reply would in our view be available.

dear sir,

we have a SSI Unit upto 1.50 crore Excise exemption.and we have service tax registration also for business axulary services.we raised a jobwork bill and collect service tax amount.after realisation of that bill we are payable to service tax department. we can avail input credit on service tax.

some body said after exceeds 1.5 crore of turnour input credit on service will avail below the limit it is not possible.please solve our problum

Mr. Jayesh

You can avail the credit of service tax on services exclusively used as input for providing output services. As regards excise duty on inputs & capital good used for manufacturing, you can avail the credit only after you start paying excise duty.

dear sir,

we  purchase raw material from china, which doucument is requier for modvat  taken

Dear Mr. Jayesh,

Bill of Entry is must for availing CENVAT credit on imported materials input.

 Bill of Entry is must for availing CENVAT credit on imported materials input, but i want ask avail customs duty also as a cenvat credit ...

Bill of Entry is must for availing CENVAT credit on imported materials input, but i want ask avail customs duty also as a cenvat credit

dear sir,

we r  manufacturing unit . received input material from china ,i have bill of entery paper ther r excise duty + custom duty , we  r not exporting  material .. so i want to ask that if i avail custom duty also as a cenvat credit