is service tax credit allowed for lease rent of capital goods i.e. machinery

is service tax credit allowed for lease rent of capital goods i.e. machinery https://www.taxtmi.com/forum/issue?id=114001 Whether Cenvat credit is admissible on lease rent for capital goods where a lessee performs job work using leased machinery, receives service tax invoices from the lessor, procures inputs on payment of excise duty and clears finished goods on payment of excise duty; practitioners conclude that availment of credit by the lessee is proper and permissible, subject to compliance with Cenvat rules and documentary invoice evidence. en-us Tue, 31 Jul 2018 16:34:54 +0530 Thu, 23 Jan 2025 15:55:21 +0530 TaxTMI RSS Generator is service tax credit allowed for lease rent of capital goods i.e. machinery https://www.taxtmi.com/forum/issue?id=114001 Whether Cenvat credit is admissible on lease rent for capital goods where a lessee performs job work using leased machinery, receives service tax invoices from the lessor, procures inputs on payment of excise duty and clears finished goods on payment of excise duty; practitioners conclude that availment of credit by the lessee is proper and permissible, subject to compliance with Cenvat rules and documentary invoice evidence. Discussion-Forum Service Tax Tue, 31 Jul 2018 16:34:54 +0530 https://www.taxtmi.com/forum/issue?id=114001