Cenvat credit on capital goods removal for output service provider

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..... Cenvat credit on capital goods removal for output service provider
Query (Issue) Started By: - yateen vyas Dated:- 10-8-2015 Last Reply Date:- 1-9-2015 Service Tax
Got 4 Replies
Service Tax
Sir, One of service tax provider has a centralized registration providing service from one place now it changing its place of service to other place so now in this case capital goods reversal is r .....

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..... equired or not e.g. Service provider from rajas than have centralized registration providing service from Rajasthan now want to shift to other state. RgdsÝateen Reply By CA Sumit Aggarwal: The Reply: Hi Yateen, From your query it is appearing that the assessee is having centralised registration in Rajasthan and the assessee wants to change the address of centralised premises to another .....

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..... address. In this case, assessee has to amend the Service Tax registration for changing the address of centralised premises and file the letter along with the amended application (ST 1) with old range superintendent for file transfer and also file the amended application with new jurisdictional office. As the service tax number shall be same; hence there is no need to reverse the CENVAT Credit av .....

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..... ailed on capital goods if the same also moving from that place to another. Hope you will find the same in order!! Thanks Sumit Aggarwal Reply By yateen vyas: The Reply: Thanks Reply By Rajagopalan Ranganathan: The Reply: Sir, Rule 10 (2) of Cenvat Credit rules,2004 stipulates that - "If a provider of output service shifts or transfers his business on account of change in ownership or .....

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..... on account of sale, merger, amalgamation, lease or transfer of the business to a joint venture with the specific provision for transfer of liabilities of such business, then, the provider of output service shall be allowed to transfer the CENVAT credit lying unutilized in his accounts to such transferred, sold, merged, leased or amalgamated business." Therefore, in my opinion, you can trans .....

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..... fer the credit to your new place of bussiness. Reply By yateen vyas: The Reply: thanks sir
Discussion Forum - Knowledge Sharing .....

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