Please guide on below matter, with suitable references:
In case of servicing of motor vehicle : can a service provider take cenvat credit of excise duty paid on plant & machineries used to provide such service ? if so to what extent.
thanks
sanjay singhal (CA) (987 Points)
15 January 2013Please guide on below matter, with suitable references:
In case of servicing of motor vehicle : can a service provider take cenvat credit of excise duty paid on plant & machineries used to provide such service ? if so to what extent.
thanks
Vikas
(CA)
(1135 Points)
Replied 16 January 2013
You may claim the cenvat credit on the duty paid on such machineries as these are being used for provision of output service; as per Rule 3(1) of the Cenvat Credit Rules, 2004.
Sonu Kumar
(Account Manager)
(665 Points)
Replied 16 January 2013
If You Are Paying service tax under Composit Scheme of Work Contract then you Can Not Claim Input of Excise.