Cenvat Credit on service Tax

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..... Cenvat Credit on service Tax
Query (Issue) Started By: - Dhanasekar Amaresan Dated:- 4-12-2010 Last Reply Date:- 6-12-2010 Service Tax
Got 2 Replies
Service Tax
we are a manufacturer of R .....

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..... ubber products and also Equipment spares due to excemption we are not registered in Central excise dept. but we are purchasing dutiable material for input purposes. We are a service provider and payi .....

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..... ng service tax. My query is : Can we eligible to claim cenvat credit for adjust of Service Tax and we have import duty also. Reply By CA Rachit Agarwal: The Reply: For claiming the Cenvat Credit, y .....

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..... ou have to maintain separate accounts for receipt, consumption of the inventory used for exempted goods and dutiable services (Output Service). If not then he can follow any of the 2 options 1. Pay .....

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..... Excise Duty on entire exempted goods @ 5%. 2. Pay an equivalent amount of Cenvat Credit attributable to the exempted goods. Refer Rule 6, of the Cenvat Credit Rules, 2004 Reply By Brijesh Verma: T .....

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..... he Reply: since you are providing taxable services and also manufacturing exempt goods, so you will fall under Rule 6(3) of the CCR'04.
Discussion Forum - Knowledge Sharing .....

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