Cenvat credit of excise duty and service tax

[pankaj sethi]

we have paid excise duty ,service tax on the capital good ,input purcahsed . we are constructing a commercial complex (mall) , Are we entiteled to avail cenvat credit when ever our s tax liabilty will arise ,i e in future .

AI Summary

Entitlement to CENVAT Credit for Excise Duty and Service Tax on Capital Goods in Commercial Complex Construction Explored A query was raised about the entitlement to avail CENVAT credit on excise duty and service tax paid for capital goods and inputs used in constructing a commercial complex. The first response outlined several options: Option I allows full CENVAT credit on inputs, capital goods, and input services; Option II allows credit on inputs and capital goods; Option III disallows CENVAT credit; and Option IV allows credit on capital goods and input services. The second response concurred with these views and suggested charging 12.36% on the gross amount to ensure eligibility for credit, provided the contractor is the consignee of the goods.