Claim of capital goods, Service Tax

[madhavvan]

company has taken registration under tangibale goods supply since under mvat any lease is liable for vat it charges vat and since it falls under service tax provisions is it liable to service tax can it claim credit of cgoods inputs and input service

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[Madhukar N Hiregange]

Condition for coverage under VAT is where the control and possession of the goods are handed over. Under ST where the control and possession is with the owner then there is a liability. In such cases the cenvat credit on the cpaital goods ( other than Motor Veh)+ input services + inputs used in provding the service would be available.