Service tax - cenvat credit on capital contribution
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2012
If a Company imports an asset, pays custom duty on it and then contributes it as his Capital Contribution as a Partner in a newly formed LLP - is the CENVAT input available by the LLP. The Company neither depreciated nor availed CENVAT on it.
05 January 2012
The company who is importing the asset will first avail the cenvat & then send this to LLP on F3 challan. This way LLP can take cenvat credit
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Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2012
Can you pls let me know what an F3 Chalan is and whether doing as you have mentioned can be litigated by the Department
21 July 2023
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