INPUT SERVICE DISTRIBUTION CREDIT OF PREVIOUS YEAR (2013-2014), Central Excise

[SANDESH SHINDE]

Can we distribute Service tax credit of F.Y. 2013-2014 of Renting of Immovable property to other units now i.e in June 2014, If yes then which F.year turnover is to be taken for pro rata calculation of credit. Please explain.

Posts / Replies

[Pradeep Khatri]

Dear Sandesh,

Please check meticulously Rule 7 of the CENVAT credit Rules, 2004 read with Explanation 1, 2 and 3 in this regard.  This Rule is self explanatory.

Regards

Team YAGAY & SUN

(Management & Indirect Tax Consultants)

[ganeshan kalyani]

In case of ISD if the service is availed for Ho, can that be distributed to units where it can be utilized against excise liability.