Service Tax on Prefabricated Buildings Structures
This query is : Resolved
30 October 2009
We are in the process of buying the above
Structures for our New plant.Pl let us know whether we can take Service Tax on the same or if we can take Cenvat (capital Goods)50%.in this year and Balance in next yearif party is Furnishing Excise Duty Document.
Structures for our New plant.Pl let us know whether we can take Service Tax on the same or if we can take Cenvat (capital Goods)50%.in this year and Balance in next yearif party is Furnishing Excise Duty Document.
01 November 2009
Structures used as capital goods to be used for provding taxable services are eligible for credit upto 50% in year of receipt and balance in subsequent years.
If strcutures are inputs in provding the erection services then the credit is available provdied that the payment is made on the gross amount. ( without claiming any batament)
If strcutures are inputs in provding the erection services then the credit is available provdied that the payment is made on the gross amount. ( without claiming any batament)
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