Cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2010
Can we take credit of Basic and Additional customs Duty on capital goods against the Service tax liabilty? as well can we take cenvat of service tax paid on input services against Excise?
24 December 2010
After Modifying as Not Seen Custom & Read Cenvat
Customs duty normally consists of customs duty [ normal rate 10%] addtional duty of cusotms equal to excise duty [ also 105 called CVD at times] and special addtional duty of cusotms [ 4%]
In these for the manufacturer ADC +SAD i.e. 10 + 4 is available
For service providers 10% would be available.
Capital goods shouldbe eligible and also used for manufacture/ service subjected to duty.
Customs duty normally consists of customs duty [ normal rate 10%] addtional duty of cusotms equal to excise duty [ also 105 called CVD at times] and special addtional duty of cusotms [ 4%]
In these for the manufacturer ADC +SAD i.e. 10 + 4 is available
For service providers 10% would be available.
Capital goods shouldbe eligible and also used for manufacture/ service subjected to duty.
24 December 2010
@ Ayush: I am not agree with your view.
As per my view custom duty credit is not available.
As per my view custom duty credit is not available.
24 December 2010
Can we take credit of Basic and Additional customs Duty on capital goods against the Service tax liabilty?
no
as well can we take cenvat of service tax paid on input services against Excise?
Yes
no
as well can we take cenvat of service tax paid on input services against Excise?
Yes
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
