we have establish a new coal washery on which service tax is applicable under business auxiliary service can we use excise paid on capital goods as CENVAT credit for paying our service tax...if yes what is the procedure?
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service tax on coal washery
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The capital goods should be used for providing taxable service. Credit can be taken in 2 instalments. 50% in the first year and the balance in year 2.
There is no prescribed procedure.
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