Service tax credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2015 we are PSU manuafacturing unit.

We are service receiver,

Appointed a XYZ junction service ltd for procurement of material through on line service i.e. called enterprise procurement system (EPS) and also award a conctract under reverse auction through online services, and forward auction for sale of material.

option 1. Party raise the single bill an amount of Rs 25 lacs and service tax @ 14% of Rs 25 lacs is Rs 3.50 laccs total bill of Rs 28.50 lacs.

In this case, We are elegible for availing cenvat credit or not

option 2. Party raise the seperate bill for each services for procuremnent of material, reverse auction (RA) and forward auction
. In this case, We are elegible for availing cenvat credit for all items or one or two or not

Please advice me.

Rajesh Kumar

Rajesh Kumar (Expert)
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02 November 2015 I presume that goods procured are used in manufacturing goods on which Central Excise duty is paid.
In that case, you are eligible for Cenvat Credit in both the cases.