We have constructed a warehouse for renting purpose and we have paid the excise duty on the Products used for construction of the same. can we avail the credit of the same for our service tax Liability??
Also we have filled the return for the period of April to Sep and we have not availed the credit for the same period and now we want to revise the return., please clarify from which period we can avail the Cenvat credit as we know as per Budget 2014 only 6 months Cenvat can be Availed.
Thanks
Can Cenvat credit for excise duty on warehouse construction be used against service tax? File revised return in 90 days. A user inquired about utilizing Cenvat credit of excise duty paid on products used for constructing a warehouse against their service tax liability. They sought clarification on revising their tax return for the period from April to September, as they had not claimed the credit and were aware of a six-month limitation introduced in Budget 2014. The response indicated that the credit could be used for service tax payments and advised that a revised return must be filed within 90 days from the original filing date, provided this period had not expired. (AI Summary)
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