cenvat credit
This query is : Resolved
13 October 2008
whether cenvat credit of vat and central excise is available in service tax ?
13 October 2008
Cental Cenvat Credit iro Cental excise is available in Services tax because both are central levy. Since VAT is state levy therefore we cannot take credit of VAT in Service Tax
13 October 2008
however, there are restrictions in taking credit of central excise in case of works contract service, wherein only credit on input services and capital goods is available. credit is not available in case if input materials if opting for composite scheme
pls mention your type of service
pls mention your type of service
14 October 2008
Cenvat Credit of Central Excise is available in Service tax (subject to certain restrictions). But Credit of VAT is not available for service tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
