Regarding eligibility for availment of cenvat credit
This query is : Resolved
12 May 2013
My client is a manufacturing concern and he pays Service Tax @ 3.60% on Rail Freight for purchasing Raw material on transportation.
The client also pays excise duty on his Finished Goods. Is the credit of Service Tax paid on Rail freight eligible for Cenvat Credit against Excise duty payable on Finished Goods manufactured in factory?
The client also pays excise duty on his Finished Goods. Is the credit of Service Tax paid on Rail freight eligible for Cenvat Credit against Excise duty payable on Finished Goods manufactured in factory?
13 May 2013
My client is a manufacturing concern and he pays Service Tax @ 3.60% on Rail Freight for purchasing Raw material on transportation. The client also pays excise duty on his Finished Goods. Is the credit of Service Tax paid on Rail freight eligible for Cenvat Credit against Excise duty payable on Finished Goods manufactured in factory?
13 May 2013
allowed, only if the material falls wihtin the definition of 'input' under rule 2(a) of ccr.
because as per rule 2(l) of ccr credit of input service is allowed of following-
Inward transportation of INPUT and outward transportation upto te place of removal
because as per rule 2(l) of ccr credit of input service is allowed of following-
Inward transportation of INPUT and outward transportation upto te place of removal
13 May 2013
Is credit also available if raw material is purchased through first stage dealer.
The first stage dealer has not taken credit of such duty.
The first stage dealer has not taken credit of such duty.
13 May 2013
allowed if you paid the duty..
14 May 2013
Thanks vikas ji
27 June 2013
Yes I agree with the expert
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
