Cenvat credit
This query is : Resolved
23 September 2014
If Abatement is applied on any input service can we avail Cenvat credit on amount of service tax paid after such abatement.
Example :
Invoice amount - Rs.100
Abatement obtained - 40%
Service tax paid - 100*60%*12.36%
Service tax paid after abatement - 7.416
Can we take cenvat credit on 7.416?
Example :
Invoice amount - Rs.100
Abatement obtained - 40%
Service tax paid - 100*60%*12.36%
Service tax paid after abatement - 7.416
Can we take cenvat credit on 7.416?
02 October 2014
Service tax paid on abated value of the services received can be claimed as CENVAT Credit if it is covered under the definition of input service as provided in CENVAT Credit Rules, 2004
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
