Input Credit of Goods and service tax eligible for Notification 1/2011

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..... Input Credit of Goods and service tax eligible for Notification 1/2011
Query (Issue) Started By: - MUNIRAJ SRINIVASAN Dated:- 19-8-2013 Last Reply Date:- 21-8-2013 Service Tax
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..... rvice Tax
Dear Sir, I hereby request you to solve following problem: My client has availing input credit of service tax as well as goods, but he activities are as 1. sale of Backery goods is ava .....

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..... iling exemption notification 1/2011 and 2. paying excise duty on full rate @ 12% whether is eligible to take input credit ? Department has refusing inputcredit benefits for item no.2 kindly inform u .....

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..... s legal provisions Reply By Deepak Birla: The Reply: * If you opt to pay excise duty under Notf no .01/2011 than you will not be able to take CENVAT Credit of input/input services.
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..... Forum - Knowledge Sharing .....

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