lakshmi (99 Points)
21 October 2010
We have a manufacturing unit registered under Central Excise. We have rented the premises. The owner is charging Service Tax on such rent. Are we eligible to avail the input credit on such rent and use the same towards payment of Excise Duty?
Puneet Mittal
(Sr. Officer Accounts)
(196 Points)
Replied 26 October 2010
Ya you can utilse the service tax input for the payment of Excise duty...
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 26 October 2010
As long as you manufacture only goods liable to duty of excise you can avail and utlise. otherwsie Rule 6(3) may apply and you may have tp avail proprotinate credit.
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