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Cenvat credit for input services

Rahul Jain (Accountant) (316 Points)

18 November 2013

A Partnership Firm engaged in Developing properties and selling it to customers.

It charges service tax @ 3.09% from its customer on any amount received.

Can it take CENVAT Credit for paying Service tax since it has paid service tax on input services like work contractor, Security supply and manpower supply etc.?

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Harendra Kumar (Tax Advisor ) (1326 Points)
Replied 19 November 2013

Dear Sir,

If you taken the exemption regarding Abatement regarding services privided by on Developing Properties and raised the service taxes amt @ 3.09%. You could not taekn the Cenvat Credit.

If you paid the service tax fully amt. @ 12.36%, you can taken the Canvat Credit.

Otherwise, full details plot your quieries.

Thanking you

( Harendra Kumar )