I need a suggestion for Cenvat Credit taken against Excise Duty Payable.
1.Service Tax Paid on Factory Machinery AMC Charges.
2.Service Tax Paid on factory Rent Charges.
3.Service Tax Paid on Purchase & Installation Service of Capital Goods.
4.Service Tax Paid on Professional Services.
5.Service Tax Paid on Inward/Outward Cartage Charges.
Cenvat Credit Eligibility: Expert Consensus on Service Tax for Factory Operations, Excludes Outward Cartage Charges Per Case Facts. A discussion on Cenvat Credit eligibility focused on various service tax payments related to factory operations, including machinery maintenance, rent, capital goods installation, professional services, and cartage charges. Experts agreed that Cenvat Credit is generally available for most services except outward cartage charges, which depend on specific case facts. There was a debate on the eligibility of credit for outward transportation and factory rent, with references to legal precedents and CBEC Circulars. The consensus emphasized the need for a clear nexus between services and manufacturing operations to claim credits effectively. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
