16 April 2010
WE HAVE TAKEN SERVICE TAX CREDIT ON CONSTRUCTION OF FACTORY SHED. NOT THE AUDIT PARTY ASKED US REVERSE THE SAME AS IT IS AN IMMOVABLE PROPERTY. PLEASE ADVISE WHETHER WE HAVE TO REVERSE THE SAME OR NOT. REGARDS,
16 April 2010
under cenvat credit rules input services includes services used in relation to setting up, modernization, renovation or repairs of a factory. hence credit will be available.
CAclubindia
