ISD

[jitendra Gupta]

whether credit of input material or input services prior to registration of central excise or service tax can be availed by the assessee? If so under which Rule or Act?

AI Summary

Input tax credit for pre registration inputs permitted when used in manufacture; SSI exempt units may claim stock credit on duty commencement.
Credit of excise duty on inputs and service tax on input services is claimable for inputs or services used in manufacture of excisable goods or taxable services; pre registration inputs and services are eligible for credit if no exemption was availed, while units that availed SSI exemption may claim credit only for inputs in stock when they commence paying duty.