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

Cenvat credit entitlement depends on the chosen service charging option; some options allow full credit while one disallows it.
Cenvat credit for inputs, capital goods and input services used in constructing a commercial complex is available or disallowed depending on the service charging option elected: certain options admit full credit on inputs, capital goods and input services; another permits credit on inputs and capital goods; a concessional option disallows Cenvat. Contractors should invoice on the gross amount under the chosen option and be consignee of goods to preserve credit admissibility where material supplies are involved.