Service tax and cenvat credit of excise- manufacturer

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2012 Dear Sirs, We have manufacuturing unit at Daman(UT) and have been providing Immovable Assets on Rent Service and are collecting & paying service tax. Also, we have been paying Service Tax of GTA-Outward/Inward on Transporter behalf as service receiver. For these we have been not getting Cenvat Credit. But, for the Importing material-clearing agency service paid and bringing material of purchase for manufacture service tax have been paying & availing Cenvat Credit. So, I wanted to know weather is there any changes in this procedure or still the same? Please help and guide me, as I am new for EXCISE and SERVICE TAX/Cenvat. Thanks in advance. Regards, Abdulrahim

CA Suresh Jain

CA Suresh Jain (Expert)
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28 August 2012 There no change in CENVAT. Previously also you were eligible for CENVAT and now also you are eligible

sureshjain.nj@gmail.com

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Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2012 Dear Sir,

Thanks for your reply.

Sir, I came to know that service tax payment code also changed from 1st July'2012. We have been providing space on rent and are collecting rent with service tax 12.36% and depositing the same. So, Is there any changes in this procedure or still the same and accounting code (basic 12%) for immovable property is same or changed?. Please help in this regards.

Thanks & Regards,
Abdulrahim

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Querist : Anonymous

Querist : Anonymous (Querist)