Admissibility

[Asked by Guest]

Sir,

BSNL registered in one state receives ATD (Transfer advice)for service tax/excise/capital goods issued by BSNL of other state on the basis of this they take credit of input duty/input service credit and credit on capital goods.BSNL of other states also submit invoices alongwith ATD. What is the eligibility. Urgent.

[NEERAJ KUMAR, RANCHI]

no cenvat credit can be taken on the documents other than prescribed under cenvat credit Rules. If BSNL of other state issue invoices under rule 11 of Central Excise Rules or rule 4A of the service tax rule, cenvat credit can be taken.

AI Summary

Cenvat credit eligibility limited to prescribed documents; invoices issued under Central Excise or Service Tax rules permit credit.
Cenvat credit is available only on documents prescribed by the Cenvat Credit Rules and cannot be taken on other documents; if the issuing office furnishes invoices prepared under the applicable Central Excise Rules or the Service Tax Rules, those invoices permit taking cenvat credit.