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service tax & Excise query

Service Tax - Started By: - VISHAL PURI - Dated:- 13-9-2016 Last Replied Date:- 14-9-2016 - We are a SSI manufacturer & Service Provider of Maintenance & Repair. we have a audit objection i.e we registered with Service Tax on 01-04-2014 after cross limit 10 lacs, then we take the service tax credit on rent of building & other business auxiliary service aprox 0.72 lacs, then we cross the ssi exemption limit and registered with central excise on 20-10-2014. we regular take the credit o .....

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ments even before the registration. - Reply By Rajagopalan Ranganathan - The Reply = Sir, You have registered yourself under Finance Act 1994 on 1.4.2014 since you had crossed the limit of 10 lakhs. You have registered under Central Excise Act, 1994 on 20.10.2014 after crossing the SSI limit of ₹ 1.5. crores. During the period between 1.4.2014 to 19.4.2014 the excisable goods manufactured by you were exempted. Therefore you cannot take credit of duty paid on inputs and service tax paid on .....

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AN - The Reply = A very lucid explanation, Sir - Reply By Ganeshan Kalyani - The Reply = Sir, I am also of the same view as opines by Sri Rajagopalan Sir and Sri Mariappan Sir. The service is an input. It was used in or in relation to manufacturing activity. The final product is excisable. Only thing it was not crossing the threshold limit. Merely the turnover was not crossing the limit does not make the credit ineligible. The definition of input service is satisfying. The credit is eligible. Th .....

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