Dear Sir,
we are going to install 2 no's of Lift , one for moving raw materials from Basement to ground 1st floor (shop floor). Supplier will charge excise duty as applicable. kindly advice for the following:
1. can we availed the modvat of this excise duty charged by the supplier?
2. can we availed the vat as a input tax ( if the supplier is from Haryana state and charged vat as per applicable rates)?
3. can we availed the service tax to be charged on installation of lift one?
3. what will be the case for 2nd lift which will be used for passenger lifting from ground floor to 3rd and 4th floor office?
All documentation like PO, Bills etc will be separate for both the cases.
Thanks and Regards,
BCB
Eligibility for CENVAT and Input Tax Credits on Lifts for Goods and Passenger Movement Explained A user inquired about availing Modvat and input tax credits for installing lifts for material movement and passenger transport. Three responses were provided. The first response clarified that industrial lifts specifically designed for goods movement might be eligible for CENVAT and input tax credits under relevant rules. The second response mentioned that lifts used in factories, whether for workmen or materials, are eligible for credit if not considered office equipment. The third response confirmed that lifts classified under specific tariff chapters used in factories are eligible for Cenvat credit, including service tax credit for installation. (AI Summary)
TaxTMI 
TaxTMI 
