Cenvat credit on cst purchase for service provider

This query is : Resolved 

15 February 2016 I want to know wheather a Service Provider can avail cenvat credit on CST Purchase @ 2% which is used for our input.
For exp : we provide service on Supply on Tangible Goods :-
Machinary Parts Purchase Value : 2,95,352.50
Add Cenvat @ 12.5% : 36,919.00
Sub Total : 3,32,271.56
Add CST @ 2% : 6,645.33
Grand Total : 3,38,917.00

20 February 2016 Under the CENVAT Credit Rules - CENVAT input comprises of Central Excise, Service Tax, CVD component of Customs Duty paid - and the input so availed can be used for paying off Central Excise and Service Tax liabilites payable by the assessee.

Hence it is not possible claim CST payments on purchases made as CENVAT Input Credit.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries