banner_ad

Cenvat credit of Excise duty

EXICSE (Legacy) 1022 views 1 replies
User Avatar

Senior Audit Manager
227 Points Posted on 10 February 2011

Please let me know that can we take cenvat credit of excise on purchase goods which is used by the company for Work contract services.

However the company is not charging any excise in its billing for Work contract

Regards

Asif

Reply Share Follow
On 10 February 2011 at 18:22 Report
Replies (1)
User Avatar

glidor@gmail.com
21068 Points Posted on 10 February 2011

 

Rule 3(2) of the Works Contract
(Composition Scheme for Payment of
service Tax) Rules, 2007 provides that
the provider of taxable service opting to
pay service tax under the composition
scheme is not entitled to take CENVAT
credit of duty on inputs, used in or in
relation to the said works contract, under
the provisions of the CENVAT Credit
Rules, 2004.
There is no restriction under Notification
No. 32/2007- Service Tax dated
22.5.2007 to take CENVAT credit of duty
paid on capital goods and service tax
paid on input services
Reply
On 10 February 2011 at 21:16


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details