work contract service tax

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Amit

accountant

21 Points Posted on 04 September 2008

Pls any body tell me about work contract service tax

Replies (7)

CA. C V SURYAM

Practising Chartered Accountant

652 Points Posted on 04 September 2008

Hi, please read the attached notifications. If still not clarified, be in touch through this for further clarificatin from my end.

CA. C V SURYAM

Practising Chartered Accountant

652 Points Posted on 04 September 2008

Hi, please read the attached notifications. If still not clarified, be in touch through this for further clarificatin from my end.

Guest

Posted on 01 November 2008

hi this is rakesh i had gone through a problem can you just help me out?

Acctually i am registured under Business and auxailiary activictys for loading and unloading activicty, and providing services to our costumer and also collecting service tax at @ 12.36 % and use to pay to the govt. dept. but can you tell me that, is i am eligible to take Canvat credit on exciase duity paid on purchase of AMW TRUCKS AND ALSO MACHINEARY which is use as a capital goods to provide output services,

i am veary thankfull to you if you reply me with some notification

your regards

rakesh

CA. C V SURYAM

Practising Chartered Accountant

652 Points Posted on 12 November 2008

Mr.Rakesh Shukla, eligibility of cenvat on inputs/capital goods is subject to certain conditions. As the trucks are not falling under the definition of Capital Goods in CENVAT Credit Rules, 2004, no cenvat can be availed in respect of this.

SIDDHARTHA SANKAR ROY

Government Servant -MOF

843 Points Posted on 19 November 2008

Originally posted by :Guest

hi this is rakesh i had gone through a problem can you just help me out?
Acctually i am registured under Business and auxailiary activictys for loading and unloading activicty, and providing services to our costumer and also collecting service tax at @ 12.36 % and use to pay to the govt. dept. but can you tell me that, is i am eligible to take Canvat credit on exciase duity paid on purchase of AMW TRUCKS AND ALSO MACHINEARY which is use as a capital goods to provide output services,
i am veary thankfull to you if you reply me with some notification
your regards
rakesh

As per CENVAT credit Rules,2004, Motor vehicle registered in the name of service provider is available as Capital Goods only to the service providers in the category of Courier Agency, Tour Operators, Rent-a-cab scheme operators,Cargo Handling Agency, GTA, Pandal & Shamiana Contracts & Outdoor Cateres. If you belong to any of the above service provider category you would be eligible to take CENVAT credit on it. Are you sure your properly categories under Business Auxiliary Service as from your comments it appears that you may be covered under Cargo Handling Service also.