Service tax credit - capital goods

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..... Service tax credit - capital goods
Query (Issue) Started By: - madhavvan Dated:- 3-7-2009 Last Reply Date:- 7-7-2009 Service Tax
Got 2 Replies
Service Tax
in case of services which are ca .....

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..... pitalised in books of account and they are added to cost of asset whether the credit would entire credit be available or it will be 50% in first year and balance 50% in second year Reply By G RAJENDR .....

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..... AN: The Reply: 100% service tax credit can be taken though it is capitalised. The restriction to avail 50% credit is only for Excise duty Reply By Mukesh Kumar: The Reply: You accounting treatment is .....

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..... nothing to do with cenvat credit provisions to teat a particular item as capital goods, inputs or input services. A service received by you can not take the shape of capital goods for the purpose of c .....

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..... envat credit. You are allowed to avail 100% credit at once.
Discussion Forum - Knowledge Sharing .....

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