New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Cenvat credit on ser tax 2 units - reg

Central Excise - Started By: - venkat eswaran - Dated:- 26-3-2016 Last Replied Date:- 28-3-2016 - Dear allWe have two units one is in own premises and Main unit another is leased premises and second unit. For leased unit-2 we are paying lease chrgs for land and machineries. That service tax credit we availing in unit-1 since bill is in the unit-1 (Main) address and pmt is made from unit-1 only.Now the Excise audit has come in unit-1 and disallowed that service tax on lease chrges and they said w .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

for this? Whether audit point is ok or we can contest this?Please give your expert suggestions on thisThanks in advanceVenkat - Reply By Rajagopalan Ranganathan - The Reply = Sir,You had paid service tax on lease rent in respect of unit-II but availed the same in Unit-I which the audit objected and asked you to reverse the same with interest. It appears that audit objection is correct and the same cannot be contested. The credit reversed by you cannot be availed by unit-II since it is closed no .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ctory. If the amount is paltry, ignore it. If the amount is huge, you must fight for your right. Chances are 50 : 50. If you do not fight it legally, you have lost the case today itself. COMMISSIONER OF CUS. & C.EX., MEERUT-I Versus APCO PHARMA LTD. 2015 (319) E.L.T. 641 = 2011 (10) TMI 38 - UTTARAKHAND HIGH COURT - Reply By Ganeshan Kalyani - The Reply = Yes, we should fight if the amount involved in substantial and it is meager then should leave the case. Thanks. - Reply By surya narayana .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version