Availment of Service tax credit

[Asked by Guest]

Dear Sir,

We are a mfg co and we as a Head office are registered under Service tax as a ISd Please explain whether we can avail Service tax credit on Painting and repairing of walls service under works contract service and furhter of Carpentary Service as a input service.

AI Summary

Input service definition permits tax credit for repairs and renovation of premises but excludes credits for works creating new assets.
Input service under the CENVAT Credit Rules includes services used for renovation or repairs of a factory or premises, but excludes the service portion of works contracts and construction services insofar as they are used for construction/execution of buildings, laying foundations, or creating structures supporting capital goods. Service tax on repairs of existing premises is eligible for credit; repair carpentry qualifies, whereas services creating new assets do not.