Service Tax credit

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... We are setting up new factory. I would like to know that can we take the service tax credit available during setting up of the factory,when we start the production for removal of taxable goods,from our factory? In other word, can we use for payment of CEVAT ? - Reply By sanjay singh pawar - The Reply = Cenvat credit rules allows use of Cenvat credit of input services used for the manufacture of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... goods. There is bar in availment and utilization of cenvat credit for removal of taxable goods. - Reply By Ramanujam Varadarajan - The Reply = Service tax paid on input services used for manufacture of goods is entitled for credit. However, please note that there are restrictions in availment of credit on certain input services like input services used in CONSTRCTION SERVICE of new factory / o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ffice etc. Once the input services is entitled as eligible for CENVAT credit, it can be adjusted either adjust service tax liablity arise out of output services or excise duty arise out of manufacture of goods. - Reply By Ashok Jogalekar - The Reply = Firstly, you have to take registration and then you can avail CENVAT credit of capital goods received for the capital goods received. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... However, there are certain services which are availed during setting up of a factory and CENVAT credit of services related to setting up of Factory are not allowed. Please refer to the exclusion clause provided in CCR, 2004 as amended on 01.07.2012. - Service Tax credit - Query Started By: - Yatin Vora Dated:- 2-11-2013 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... edge 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

→ Full Text of the Document

X X   X X   Extracts   X X   X X