input credit
This query is : Resolved
22 August 2008
i am accountant in hotel which is under construction. we have received bills from construction comapny which has charged service tax bill. i want to know whether we claim service tax we have paid to const. co if don't capitalized the service tax, after completion of hotel.
24 August 2008
Yes CENVAT credit is available for setting up of the premises. Account the CENVAT Credit as Loans and Advances in the B/s of the company.
25 August 2008
Yes, you can very well do that. But service tax on asset/Equipment can be claimed in three eaual annual instalments. Please check further on this as i am not very sure on that.
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