Cenvat credit on works contract.

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..... Dear experts, We are manufacturer of chemical and executes a works contract for modernization of factory buildings( like painting, plastering). We already paid service tax under reverse charge mechan .....

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..... ism. Can we take cenvat credit on service tax paid on works contract services. Please give your valuable advice. - Reply By Ganeshan Kalyani - The Reply = Sir, In my view you cannot take the credit .....

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..... . Thanks. - Reply By JSW CEMENT LIMITED - The Reply = Sir From your query it appears that the service falls in the caregory of repair and maintenance of factory building. In my view service tax cre .....

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..... dit can be availed. Hopefully service tax has been paid on 70% value of service - Reply By YAGAY AND SUN - The Reply = In the definition of Input Service, the word/phrase modernization of factory is .....

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..... specifically included. Hence, in our view painting, plastering is nothing else but repair of factory premises, CENVAT credit shall be allowed. - Reply By KASTURI SETHI - The Reply = I endorse the .....

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..... views of M/s. JSW Cement Ltd. and M/s.Yagay and Sun, Sirs. Under RCM the assessee has to pay ST in cash and thereafter to take the credit. - Cenvat credit on works contract. - Query Started By: - .....

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..... MAYUR BHIRUD Dated:- 22-6-2016 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia .....

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..... - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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