Can one claim credit of service tax paid on fa?

vinayak (-article assistant) (93 Points)

31 July 2015

For a manufacturing company;

1.Can the company claim credit of service tax paid on purchase and installtion fixed asset ? If yes then, pl quote the section or rule.

2.When can the credit of service tax be availed in case the services are covered under reverse charge mech?

3.When can the credit of service tax be availed in case of services for whome the abatement is applicable ?

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2 Replies

Vineeth PN (Account Assistant) (687 Points)
Replied 31 July 2015

Cenvat Credit Rules 2004

JAGANATHAN R ACMA, SAP(Fi-Co) (Manager Accounts and Finance) (915 Points)
Replied 31 July 2015

Originally posted by : vinayak
	For a manufacturing company; 1.Can the company claim credit of service tax paid on purchase and installtion fixed asset ? If yes then, pl quote the section or rule. 2.When can the credit of service tax be availed in case the services are covered under reverse charge mech? 3.When can the credit of service tax be availed in case of services for whome the abatement is applicable ?