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EXCISE DUTY CREDIT

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..... EXCISE DUTY CREDIT
Query (Issue) Started By: - SHARMA NARAYAN Dated:- 22-2-2017 Last Reply Date:- 12-3-2017 Central Excise
Got 2 Replies
Central Excise
Dear All, we have given a turnkey Projects to supplier can we are taking the Cenvat credit because we are the Consingee but some cases he raised service tax bill with material value and service value for the fabrication irrection of .....

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..... structural material for setup Plant and machinery Pls suggest can we take the cenvat credit on that bill on which he is issing the Servic tax bill Reply By Rajagopalan Ranganathan: The Reply: Sir, Rule 2(l) (A) of Cenvat Credit Rules,2004 excludes "service portion in the execution of a works contract and construction services including service listed under clause (b) of section 66E of t .....

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..... he Finance Act (hereinafter referred as specified services) in so far as they are used for - (a) construction or execution of works contract of a building or a civil structure or a part  thereof; or (b) laying of foundation or making of structures for support of capital goods, except for the provision of one or more of the specified services under Section 66E from the definition of 'in .....

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..... put services'. In view of the above if the contractor raises invoice showing separately the charges for goods supplied and for service provided you are not eligible for credit. Reply By Himansu Sha: The Reply: No not at all . this issue has been decided in judicial fora. The credit on the materials are not allowed because the service provider has taken the abatement. Credit not allowed mean .....

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..... s not allowed to any body.
Discussion Forum - Knowledge Sharing .....

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