CENVAT CREDIT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2010 Can we take cenvat credit of Research & Developement Expenditure in case of pharmaceutical company?

Kindly provide the case law relating to the same.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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23 October 2010 Cenvet crtedit ? whether service or goods.

I think cenvet credit will be available. What is need of case law, this is act.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 October 2010 yes.credit can be taken

The rule2(1) gives the inclusive definition of input service all services used for activities relates to business are input services, the definition not says activites relating to business pertaining to manufacture or provision of output service.so all input service used in activites relating to business are input services

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