9911796707
TMI BlogMeaning of setting up factory in input servcie under cenvat credit rule, 2004X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Please advise; meaning of setting up factory in the definition of input services under cenvat credit rules, 2004 before 31 March, 2011, whether it includes civil work, electrical work and mechanical work for construction of a factory, if Yes ! than what would be the impact of " circular no.98/1/2008-st dated 04-01-2008" which states that input service tax credit on construction of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... immovable property can be taken only if the output is a "Service" liable to service tax on renting of immovable property. Query: Whether civil work, electrical work and mechanical work for construction of a factory (where goods are manufactured and excise duty is paid thereon) would be covered under construction of immovable property and input tax credit will be disallowed as per aforesaid circ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ular as we are not renting the aforesaid factory(immovable property). K.Gopal-9911052902 - Reply By MANDAVILLI RAMAKRISHNA - The Reply = service tax paid on the value of immovable properties other than plant and machinery is not eligible for cenvat credit same as central excise duty paid on the building materials purchase like cement etc., - Meaning of setting up factory in input servcie un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der cenvat credit rule, 2004 - Query Started By: - Krishan Gopal Dated:- 14-8-2013 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax 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
|
