Availment of cenvat credit

This query is : Resolved

CA. Lekh Ram Nyoliwala (Querist)
Follow

09 February 2013 Can a builder claim cenvat credit of input services and capital goods under the negative list regime ??

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
Follow

10 February 2013 Yes available even when he pays on 25% or 40%/ 60%

Message likes : 1 times

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
Follow

11 February 2013 for paying the service tax under the reverse charge mechanism the builder has to first pay the service tax without utilizing the CC bal and after that he can claim the Cenvat Credit (Service Tax Paid) only for the Input Services (under Reverse Charge)

Upgrade to CAclubindia Pro. Subscribe Now!