PRADEEP REDDY (CHARTERED ACCOUNTANT) (664 Points)
17 December 2012Hii freinds .......
During the FY 2012-13 our client has used following services.I have a doubt whether service tax on the same is eligible for cenvat credit?
1.FREIGHT & FORWARDING OUTWARDS
2.Certification Charges
3.Consultancy(MARKETING)
4.Internet Charges
5.Postage&telegram(Courier)
6.Telephone&Telex
All the above bills are raised in the name of company
CA Pintu Mishra
(Chartered Accountant- Industry)
(514 Points)
Replied 17 December 2012
Yes you can take cenvat credit of all the tax paid on inputs which is billed on your company name.
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 17 December 2012
You have not provided all the facts of the case. please specify whether your company is a manufacturing concern or a service provider or both
SUNILKUMAR WADHWANI
(Chartered Accountant)
(320 Points)
Replied 17 December 2012
YOU CAN TAKE CREDIT OF ALL SERVICE TAX PAID ON ANY SERVICES, IF YOU ARE HAVING INVOICE OF THAT........
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 17 December 2012
If the input services are used in providing taxable output services, then yes.
Nirav Worah
(CHARTERED ACCOUNTANT)
(396 Points)
Replied 17 December 2012
Yes you can avail cenvat cenvat credit on above services. However, outward transportation upto place of removal is only allowed as input service. Hence, service tax on freight paid for transportation beyond place of removal will not be allowed as input credit.
chandrasekaran v
(Manager )
(21 Points)
Replied 18 December 2012
Are you a manufactureere or a service provider?
From 1st April 2011 the input service definition has under gone changes.
any service which has no relationship whatsoever with manufacturing of final product will not be eligible for CENVAT.
If you are service provider than the input service should have nexes to the out put service.
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 18 December 2012
service which has no relationship whatsoever with manufacturing of final product will not be eligible for CENVAT.
If you are service provider then, you can take cenvat credit of all the tax paid on inputs
however, recent development is, the department while scrutinizing the returns filed by assessees has been focusing upon whether the services taken have any nexus with the service provided or not. As a basic principal of value addition and credit of tax paid , if you are the ultimate consumer , you have to bear the service tax.
All of the above answers should be considered as they all are valid
CAclubindia
