is service tax credit allowed for lease rent of capital goods i.e. machinery

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..... is service tax credit allowed for lease rent of capital goods i.e. machinery
Query (Issue) Started By: - manish kumar Dated:- 31-7-2018 Last Reply Date:- 1-8-2018 Service Tax
Got 5 Replies
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..... ervice Tax
An assessee has taken credit of Lease rent of Machinery.from A company. They also job work for A company & take input credit for all inputs. They sell all the goods by the payment of exc .....

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..... ise duty. Can we allow Cenvat Credit for Such case. Reply By Himansu Sekhar: The Reply: If the question can be redrafted in this fashion: B Company carry job work for Company 'A' 'A .....

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..... 9; provided machines on lease to 'B' and raise s.tax bills on 'B' 'B' procures inputs for the job work on payment of CEX duty 'B' after doing the job work cleares the .....

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..... goods on payment of CE duty as per the instruction of 'A' If the above statements match , then the availment of credit by 'B; is proper and legal. Reply By Ganeshan Kalyani: The Reply: .....

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..... In my view, input tax credit is eligible. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorsed the views of both the experts. Reply By manish kumar: The Reply: Thanks sir. Reply By Ganeshan .....

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..... Kalyani: The Reply: Welcome Sir.
Discussion Forum - Knowledge Sharing .....

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