Cenvat credit on detention charges
Dear Sir,
Please let me know , Can we avail cenvat credit on container detention charges ?
Thanks,
Tejas gandhi
Debate on Cenvat Credit Eligibility for Container Detention Charges Amid Changing Tax Regulations and Negative List Impact A discussion on a forum addresses whether Cenvat credit can be availed on container detention charges. One participant suggests that if service tax is charged on these detention charges and can be proven as an input service, Cenvat credit is possible. Another participant counters that service tax is not applicable to detention charges, thus negating the possibility of Cenvat credit. The discussion references a circular issued before the negative list regime, questioning its relevance post-implementation. Participants debate the circular's current validity, noting changes in tax regulations after July 1, 2012, and the introduction of the Negative List and Mega Exemption Notification. (AI Summary)
Service Tax