27 May 2009
We are service provider(civil construction of commercial and Industrial construction) and registered under service tax. We are comes under composition scheme of paying 4.12% service tax. we are purchasing formwork systems ie scaffoling equipments which are using in the project and in future we are going to use the equipments in other projects also.While purchasing we are paying cenvat @ 8%. My Q.is whether I can Avail the Cenvat credit in my service tax payment. Please let me know I can go about it.
27 May 2009
If the scaffolding materials come under pipes and fittings in the defintion of capital goods then the same would be eligible. Since you are under compistion of 4.12% the credit on inputs is not avaialble.
CAclubindia
