TaxTMI 
TaxTMI 
Cenvat credit of excise duty and service tax
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....envat credit of excise duty and service tax<br> Query (Issue) Started By: - PANKAJ SETHI Dated:- 24-12-2007 Last Reply Date:- 25-12-2007 Service Tax<br>Got 2 Replies<br>Service Tax<br>we have paid exc....
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....ise 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 f....
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....uture . Reply By sudhir V S: The Reply: Dear Mr. Pankaj Sethi, Under construction there are several options available. option I: 12.36% on full consideration - CENVAT credit on inputs, capital goods....
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...., input services admisable. Option II: 12.36% on service portion under 12/2003 - CENVAT credit on inputs and Capital goods admisable. Option III: 12.36% on 33% of the consideration under 1/2006 - NO C....
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....ENVAT admisable. Option IV: 2.06% under works contract -CENVAT on capital goods & input services admisable. Hence if u chose for option I, the credit of inputs, input services and capital goods are al....
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....ways admisable Reply By Madhukar N Hiregange: The Reply: Sudhirs views are correct. The question maybe asked as to how the cement / steel can be used for provding the rental services. To avoid this ....
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....possible hurdle, the contractor should charge on the gross amount 12.36% and he would be eligible for the credit as long as he is the consigneee of the goods. Buyer can reamin the mall owner.<br> Disc....
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