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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 f .....

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e have to take credit in unit-2 only not in unit-1 asked to reverse the credit with interest.What the audtitors said is ok? There is no revenue loss to government. unit -2 is separate range and division.Auditors also said u can pay the the total ser .....

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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 avail .....

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w and credit will be treated as lapsed. - Reply By Ganeshan Kalyani - The Reply = Yes, I too agree with Sri Rajagopalan Sir's views. Thanks. - Reply By KASTURI SETHI - The Reply = I agree with both experts. In such case there is no provision for .....

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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 L .....

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- The Reply = Dear Venkat ,While fully concurring with the views expressed by all the learned friends, I feel, this was a transaction of availing the credit in one unit instead of other. The fact remains that the amount of service Tax charged by the .....

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he same is utilized by you in the unit-1) and inform the Department about the same and aslo mention that you would be claiming refund of such reversed credit by filing a seperate refund claim from the company point of view. You will certainly win the .....

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