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TMI BlogService tax credit on - Capital goods serviceX X X X Extracts X X X X X X X X Extracts X X X X ..... We have manufacturer under SSI. We bought machinery from Excise Manufactuer and taken 50% cenvat on it in this year & will take 50% in next year. The manufactuer charged to us service tax on machine e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rection. Can we avail Cenvat of service tax 100% or 50% in this year & 50% in next year? Please suggest with notification or rule no. Regards. AYAJ - Reply By CA Rachit Agarwal - The Reply = We ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... can take credit for 100% of duty. Erection of Machiniery come under the service tax rules and comes under the word "Input Services". As per Rule 2(l)The word input service includes "services util ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ized in relation to setting up, modernization, renovation.......". Hence we are eligible to take credit for 100% of duty in the first year. Erectioning services does not come under the definition of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... capital goods. - Reply By dinesh agrawal - The Reply = If you are a SSI unit, you may not be an excisable unit, then where is the question of availment of CENVAT credit? - Service tax credit on - Ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pital goods service - Query Started By: - ayaj mulani Dated:- 1-12-2010 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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