CENVAT Credit


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


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.


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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

12 November 2008 YES
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

15 November 2008 Its expressely mentioned in Act
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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