CENVAT Credit Availability, Central Excise

[felix ka]

Hai experts,

what is your view on the cenvat credit availability of S T paid to 'construction services' received when a new plant was installed as a part of the renovation project of an existing factory? project commenced in 2009, payment to the construction contractor is pending. 

Posts / Replies

[BHARAT PUROHIT]

D/ SIRS

W.E.F 01/04/2011, SERVICE TAX  ONLY ON MAINTAINENCE / MODIFICATION OF  EXISTING CONSTRUCTION  IS ALLOWED.NEW CONTRUCTION IS DISALLOWED.

IF ANY CONSTRUCTION SERVICE WAS RENDERED PRIOR TO THIS DATE, CREDIT IS ALLOWED IRRESPECTIVE OF PAYMENT PENDING.

THNX/ B.B.PUROHIT

[felix ka]

thanks Mr. B Purohit.

all others agree?