is it possible to take credit of excise duty paid by developer for payment of service tax however that developer is not eligible for registration under excise act as not manufacturing any dutiable good and that developer is already registered under service tax??
Menu
Cenvat Credit
Replies (3)
you can take benefit of service tax under excise
central excise duty paid means, capital goods
if the duty paid goods qualify as capital goods and are needed for providing taxable services, then you can take input credit as per CCR2004 ( 50% in 1st year and balance in subsequent year),
No doubt you can avail Cenvat Credit for Excise Duty and use it for payment of Service Tax provided other conditions of Relevant rules are fulfilled. No need to register under Excise Act.
Recent Threads
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
Related Threads
CAclubindia
