We have paid service tax @ 12.36% raised through an invoice by a works contractor. We are a manufacturing company, we use power as one of the main element of production, the works contract was for getting a new dedicated Electricity line. Are we eligible to take cenvat credit?
Cenvat credit on service tax paid to a works contractor
CA Manikandan.A.V (FINANCE & ACCOUNTS) (789 Points)
16 July 2012