CENVAT credit

This query is : Resolved

CA Ankit Shah (Querist)
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21 October 2010 Dear Friends,

information: Service tax paid on electrical fittings, installations, and labor work for construction.

Query: Whether such service tax can be availed as capital goods (50%+50%) or input service (100%).

Query: Construction work done in previous year, no service tax availed at that time, whether allow to avail now (by 100% or 50%+50%)?

Guide with section, case or other.

Regards,
CA Ankit Shah,

And Thanks if reply.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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21 October 2010 capital goods maens goods falling under chapter 82,84,85,90,6805 of the first schedule of central excise act.

If it comes under the above chapter, you can take 100% credit in this year.

As per law, in the year of recipt credit can be taken to the extent of 50%. since you have taken 0%, subsequent year you can take balance portion i.e. 100%.