CENVAT Credit

This query is : Open

Babaljit Singh (Querist)

10 November 2008 a proprietorship company has cenvat credit of service tax available in his business of installation and commissioning and also the proprietor has a property which he has given on rental and there he is to pay service tax on rental services

can he take set off of cenvat credit under installation service to pay off his liability under rental services

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

10 November 2008 No.

CA. C V SURYAM

CA. C V SURYAM (Expert)

10 November 2008 I differ from the view of Sri Chakrapani. There is no one to one correlation to avail Cenvat credit as long the assessee is with one service tax registration no. Additional services falling under any other category are simply get included in ST-2 as and when such new services are taken-up.

Guest

Guest (Expert)

10 November 2008 yes i do agree with the view of Sri Suryam.

Babaljit Singh

Babaljit Singh (Querist)

11 November 2008 thanx for the replies but can anyone send me any notification/circular or any case law whih can make basis for no one to one correlation clause

Ram Avtar Singh

Ram Avtar Singh (Expert)

11 November 2008 if aaessee is registered in service tax he can avail service tax,

Babaljit Singh

Babaljit Singh (Querist)

12 November 2008 is there any notification or order in response to it

pls provide me the same

Deepak Agrawal

Deepak Agrawal (Expert)

12 November 2008 YES
CREDIT CAN BE TAKEN

Babaljit Singh

Babaljit Singh (Querist)

14 November 2008 my dear professional brothers and sisters can anyone provide me any case study or like that for the same
thanks

Deepak Agrawal

Deepak Agrawal (Expert)

15 November 2008 Its expressely mentioned in Act
No need for case law

Study it

Nirav Vora

Nirav Vora (Expert)

15 November 2008 there is no such rule to take credit on one to one corelation to avail credit for service provider / recepienennt. if service provider is providing more than one service than he can get set off of services received by him

Babaljit Singh

Babaljit Singh (Querist)

25 November 2008 I hv not got the relevant info any where in books or notifications can anyone help me out

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