TMI BlogCenvat credit of excise duty and service taxX X X X Extracts X X X X X X X X Extracts X X X X ..... we have paid excise duty ,service tax on the capital good ,input purcahsed . we are constructing a commercial complex (mall) , Are we entiteled to avail cenvat credit when ever our s tax liabilty will arise ,i e in future . - Reply By sudhir V S - The Reply = Dear Mr. Pankaj Sethi, Under construction there are several options available. option I: 12.36% on full consideration - CENVAT credit on i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nputs, capital goods, input services admisable. Option II: 12.36% on service portion under 12/2003 - CENVAT credit on inputs and Capital goods admisable. Option III: 12.36% on 33% of the consideration under 1/2006 - NO CENVAT admisable. Option IV: 2.06% under works contract -CENVAT on capital goods input services admisable. Hence if u chose for option I, the credit of inputs, input services an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d capital goods are always admisable - Reply By Madhukar N Hiregange - The Reply = Sudhirs views are correct. The question maybe asked as to how the cement / steel can be used for provding the rental services. To avoid this possible hurdle, the contractor should charge on the gross amount 12.36% and he would be eligible for the credit as long as he is the consigneee of the goods. Buyer can reami ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the mall owner. - Cenvat credit of excise duty and service tax - Query Started By: - PANKAJ SETHI Dated:- 24-12-2007 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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