CENVAT Credit
This query is : Open
10 November 2008
a proprietorship company has cenvat credit of service tax available in his business of installation and commissioning and also the proprietor has a property which he has given on rental and there he is to pay service tax on rental services
can he take set off of cenvat credit under installation service to pay off his liability under rental services
can he take set off of cenvat credit under installation service to pay off his liability under rental services
10 November 2008
No.
10 November 2008
I differ from the view of Sri Chakrapani. There is no one to one correlation to avail Cenvat credit as long the assessee is with one service tax registration no. Additional services falling under any other category are simply get included in ST-2 as and when such new services are taken-up.
Guest
Guest
(Expert)
10 November 2008
yes i do agree with the view of Sri Suryam.
11 November 2008
thanx for the replies but can anyone send me any notification/circular or any case law whih can make basis for no one to one correlation clause
11 November 2008
if aaessee is registered in service tax he can avail service tax,
12 November 2008
is there any notification or order in response to it
pls provide me the same
pls provide me the same
12 November 2008
YES
CREDIT CAN BE TAKEN
CREDIT CAN BE TAKEN
14 November 2008
my dear professional brothers and sisters can anyone provide me any case study or like that for the same
thanks
thanks
15 November 2008
Its expressely mentioned in Act
No need for case law
Study it
No need for case law
Study it
15 November 2008
there is no such rule to take credit on one to one corelation to avail credit for service provider / recepienennt. if service provider is providing more than one service than he can get set off of services received by him
25 November 2008
I hv not got the relevant info any where in books or notifications can anyone help me out
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