Availing Cenvat Credit on works contract service - Value to be ...

Case Laws Service Tax

May 4, 2023

Availing Cenvat Credit on works contract service - Value to be determined under Rule 2A or under Composition Scheme - as per the Scheme of the Act the determination of value of service portion in the execution of the works contract is to be made as per Rule 2A, however with an option to the assessee to avail the benefit of Composition Scheme. Therefore, either the assessee has to go for Composition Scheme or go for Determination of Value as per Rule 2A and the assessee has to pay service tax on the service element and can claim CENVAT Credit on the said amount only. - Credit of duty paid on goods cannot be allowed - SC

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Availing Cenvat Credit on works contract service - Value to be ...

Case Laws Service Tax

May 4, 2023

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