SSI UNIT CAN AVAIL SERVICE TAX CREDIT ON INPUTS

Page no : 2

jayesh patel (accounant) (36 Points)
Replied 31 October 2009

DEAR SIR,

WHICH DOCUMENT IS REQUIRE FOR CENVAT CREDIT ,IF MISSING DUPLICATE (CENVT COPY) , CAN I TAKE CREDIT ON ORIGINAL COPY. PLEASE ADVICE ME ...

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Madhukar N Hiregange (Chartered Accountant) (39034 Points)
Replied 01 November 2009

A job worker can claim the excise credit on capital goods + CED on inputs ( consumables etc) used in processing as long as he pays the ST on the processing charges. He is also eligible for input services credit used for providng the taxable services.

This would be independent of the Rs.150 lakhs excise duty exemption claimed ( where the credits are not available) However the records to establish that the machines/ inputs or services are used only for the job work on which ST paid would have tobe maintained.

Madhukar N Hiregange (Chartered Accountant) (39034 Points)
Replied 01 November 2009

Originally posted by :jayesh patel
"	Bill of Entry is must for availing CENVAT credit on imported materials input, but i want ask avail customs duty also as a cenvat credit	"

Cusotms duty credit is not available under the Cenvat Credit Rules 2004. Only additional duty of cusotms (CVD) = excise duty on like items manufactured in India is available. For manufactured the Special addtional duty is also advaialbale but for service providers only CVD credit.

jayesh patel (accounant) (36 Points)
Replied 04 November 2009

Originally posted by :jayesh patel
"	DEAR SIR, WHICH DOCUMENT IS REQUIRE FOR CENVAT CREDIT ,IF MISSING DUPLICATE (CENVT COPY) , CAN I TAKE CREDIT ON ORIGINAL COPY. PLEASE ADVICE ME ...any rule , or any .... please	"

neerajkumar(CAFA) (foreign consultant ) (79 Points)
Replied 05 November 2009

dear sir

mr. jayesh patel

no any provission for avaling canvat credit on import of custom duty , you can taken benifts under advance authorisation scheme provided by Goverment . if you have a manufacture exporter .

can you cell me for additional information

ph :- 09255992804