Service tax on capital expenses
This query is : Resolved
25 May 2010
Our company is education institution giving training in animation.We have shifted to a new premises and incurred some capiatal expenses such as building modification , electrification etc. and had given service tax on bills submitted by contractors. We are collecting service tax from the tution fee from students.
please clarify whether we can take input credit of service tax that we had paid.
if so please quote,give the rules / circulars regarding the same.
Our company is education institution giving training in animation.We have shifted to a new premises and incurred some capiatal expenses such as building modification , electrification etc. and had given service tax on bills submitted by contractors. We are collecting service tax from the tution fee from students.
please clarify whether we can take input credit of service tax that we had paid.
if so please quote,give the rules / circulars regarding the same.
Shyam Lal Naik
(Expert)
25 May 2010
You are eligible to take cenvat credit on input services, in terms of Rule 3(ix) read with Rule 2(l) of the Cenvat Credit Rules, 2004.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
