Credit on purchase of capital asset used for exports

This query is : Resolved 

28 February 2011 A company(service provider) has purchased a capital asset and used it for providing export services and well as domestic services.

Will the Company be able to avail the credit on capital asset purchases.

01 March 2011 If one use for providing taxable services, whether it is exported or not, he can utilise the Cenvat Credit of Central Excise duty involved on the Capital Goods or Service Tax involved on the Asset and use for payment of Service Tax involved on the Services rendered domestically.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries