Whether Cenvat Credit of CVD paid on imported Capital goods is admissible or entitled to output service providers.

Whether Cenvat Credit of CVD paid on imported Capital goods is admissible or entitled to output service providers. https://www.taxtmi.com/forum/issue?id=113941 The admissibility of Cenvat credit of additional customs duty on imported capital goods to output service providers is disputed: one interpretation allows credit when capital goods are received in the provider's premises and taxpayers have taken pro rata credit, while auditors read the proviso as applying only to manufacturers and have required reversal. Another position in the thread states manufacturers can take ADC credit fully on receipt, but ADC cannot be used by service providers for payment of output services. en-us Tue, 10 Jul 2018 19:45:10 +0530 Thu, 23 Jan 2025 15:55:22 +0530 TaxTMI RSS Generator Whether Cenvat Credit of CVD paid on imported Capital goods is admissible or entitled to output service providers. https://www.taxtmi.com/forum/issue?id=113941 The admissibility of Cenvat credit of additional customs duty on imported capital goods to output service providers is disputed: one interpretation allows credit when capital goods are received in the provider's premises and taxpayers have taken pro rata credit, while auditors read the proviso as applying only to manufacturers and have required reversal. Another position in the thread states manufacturers can take ADC credit fully on receipt, but ADC cannot be used by service providers for payment of output services. Discussion-Forum Service Tax Tue, 10 Jul 2018 19:45:10 +0530 https://www.taxtmi.com/forum/issue?id=113941