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Cenvat credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 January 2012 WHETHER CENVAT CREDIT AVAIL IN SERVICE TAX SETOFF ON FIXED ASSETS PURCHASED.
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
28 January 2012 Cenvat credit of duty paid on fixed assets purchased (capital goods) can be availed and utilized for payment of service tax if used in provision of output service but only 50% in the year of receipt and balance in next financial year
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 January 2012 THANK YOU.
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