Cenvat Credit in respect of Repair and Maintenance

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....envat Credit in respect of Repair and Maintenance<br> Query (Issue) Started By: - puneet Dated:- 16-4-2006 Last Reply Date:- 17-4-2006 Service Tax<br>Got 1 Reply<br>Service Tax<br>A is engaged in trad....

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....ing of Airconditioners & also into the business of repair & maintenence contracts of Airconditioners undertaking AMC's. Further A is taking input tax cerdit @100% in respect of input service in relati....

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....on to Repair & Maintenence /Security and on telephone/courier/photocopy/medical insurance of employees paid by employer taking cenvat credit retricted to 20% of service tax payable.Kindly explain whet....

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....her claiming correct. Reply By Surender Gupta: The Reply: Yes, Maintenance or Repair / Security and other Services in terms of rule 6(5) are eligible for 100% cenvat credit. Rest of the services, Ce....

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....nvat Credit is restricted to 20% of service tax payable.<br> Discussion Forum - Knowledge Sharing ....