Service tax credit - capital goods

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....ervice tax credit - capital goods<br> Query (Issue) Started By: - madhavvan Dated:- 3-7-2009 Last Reply Date:- 7-7-2009 Service Tax<br>Got 2 Replies<br>Service Tax<br>in case of services which are cap....

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....italised in books of account and they are added to cost of asset whether the credit would entire credit be available or it will be 50% in first year and balance 50% in second year Reply By G RAJENDRA....

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....N: The Reply: 100% service tax credit can be taken though it is capitalised. The restriction to avail 50% credit is only for Excise duty Reply By Mukesh Kumar: The Reply: You accounting treatment is n....

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....othing to do with cenvat credit provisions to teat a particular item as capital goods, inputs or input services. A service received by you can not take the shape of capital goods for the purpose of ce....

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....nvat credit. You are allowed to avail 100% credit at once.<br> Discussion Forum - Knowledge Sharing ....