TaxTMI 
TaxTMI 
Cenvat credit on excise paid on Furnace oil
X X X X Extracts X X X X
X X X X Extracts X X X X
....envat credit on excise paid on Furnace oil<br> Query (Issue) Started By: - Dilip Chokhra Dated:- 19-9-2006 Last Reply Date:- 19-9-2015 Service Tax<br>Got 6 Replies<br>Service Tax<br>1. We can take cenvat credit on all services on which we have paid tax to the party, although we are manufacturing company of exciseable goods (taxable)and also we can setoff against the GTA the credit amount. 2. We ca....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n take Cenvat on excise paid by us on Furnace oil or not. We are using in DG for electricity. Reply By Surender Gupta: The Reply: You can not avail Cenvat Credit for the purpose of payment of Service Tax on GTA. For further details, please refer to various issues discussed previously in the this section. Further, furnace oil is an eligible input. Reply By Vijay Chitte: The Reply: You can avail th....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e service tax credit against dicharge your excise duty liability, not on your GTA liability. Vijay Chitte-Claris Reply By Ganesh Shewale: The Reply: WE ARE MANUFACTURER (SSI UNIT). CAN I TAKE EXCISE CREDIT OF FURNACE OIL (RE 100) Regards, Ganesh ganeshs830 at the rate of gmail.com Reply By Pravin Parmar: The Reply: We can take Cenvat on excise paid by us on Furnace oil or not. We are using i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n Boiler. Reply By hikal ltd: The Reply: We can avail cenvat credit as FO will fall under consumables. Reply By G GOSWAMI: The Reply: It is observed from the decision of the CESTAT, Ahmedabad- 2015(8) TMI 1133 in the matter of Garden Silks Ltd. following the the decision of the Hon'ble Gujrat High Court-2014(12) TMI 876 in the matter of Panchmahal Steel Ltd., cenvat credit could be utilis....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ed for the payment of service tax on GTA service as per Rule 3 of the Cenvat Credit Rules,2004. This matter may also be taken into account. Regards, G.Goswami<br> Discussion Forum - Knowledge Sharing ....