Cenvat Credit on Commission Service after changes of Cenvat Credit Rules

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Cenvat Credit on Commission Service after changes of Cenvat Credit Rules
Query (Issue) Started By: - Emco Ltd. Dated:- 9-10-2014 Last Reply Date:- 10-10-2014 Service Tax
Got 3 Replies
Service Tax
Dear Sir, With reference to changes in Union Budget 2014 under Notification No. 21/2014-NT Dated 11.07.2014, amended in Rule 4(A) , we should be availed Cenvat Credit Service Tax within a Si .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... x Month from date of issue of documents date. The effective date is 01.09.2014. Our Query is that, while reconcile the GL, we found that One of the Invoice Dated 19.02.2014, we are not availing Cenvat Credit of Service Tax and it would be major amount of Service Tax. And Such Invoice is connected with Commission Service provided to us. Can we avail Cenvat Credit of Service Tax in the current ins .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tant i.e. in the Month of Oct.2014 ? because the amended rules effected from 01.09.2014. Whether it is right availment of Cenvat Credit or otherwise as per Cenvat Credit Rules ? Kindly advice in the matter for which we will be act accordingly. Regards Amit Parmar Reply By SHIVKUMAR SHARMA: The Reply: DEAR MR AMIT ANY CENVAT CREDIT OF DUTY, PAID ON INPUTS OR INPUT SERVICE IS PENDING FOR ITS .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... POSTING IN THE STATUTORY CENVAT CREDIT RECORDS,FOR ANY REASON,TAKE IT IMMEDIATELY,OTHERWISE,SUCH CENVAT CREDIT, COVERED BY ALL DUTY PAYING DOCUMENTS,BECOME OLDER THAN SIX MONTHS ON 01/09/2014 IS NOT AVAILABLE. SHIVKUMAR SHARMA Reply By Emco Ltd.: The Reply: Dear Sir, Thanks for prompt reply of our query. As far my knowledge is that there is not clarity in the amended rule 4 that we could no .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t avail Cenvat Credit of Service Tax prior to Invoices of 01.09.2014. I think this rules applicable w.e.f. 01.09.2014. Kindly advice per return whether any clarity of Rules or otherwise ? Regards Amit parmar Reply By Pradeep Khatri: The Reply: Dear Amit, Please check Cadila Judgment as CENVAT credit is not allowed on Commission if such commission is related to sale of goods. Please check th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e facts and revert. Regards, YAGAY and SUN (Management, Business and Indirect Tax Consultants)
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X