Adjustment of excise input on capital goods

This query is : Resolved

Guest

Guest (Querist)

21 February 2011 hi...
my query is that one of our client 'a company' registered under only Service tax for only providing management consultancy services and claiming 100% cenvat credit on input services ...i want to know during the year some computer worth rs. 650000 was purchased and excise duty was paid rs. 66950 i.e. (10.3%)now i want to know whether this can be claimed as a CENVAT CREDIT and can this amount adjusted with service tax liability arise on providing output services...plz this is urgent quick responce will be appreciated
thanks

Pankaj Gandhi Jaiswal

Pankaj Gandhi Jaiswal (Expert)
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21 February 2011 Dear Mahaveer
Off course you will get all input credit either excise or service tax, subject to in invoice of computer purchase Excise duty should be separately mentioned. Or you dealer has forwarded you excise invoice copy.

Only in WCT cases excise on Input Material credit is not available when assessee follow composition scheme. Your scheme is different, you are eligible to take credit.

Best Regards

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