TaxTMI 
TaxTMI 
Availability of service tax input credit
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....vailability of service tax input credit<br> Query (Issue) Started By: - sunil mehta Dated:- 8-7-2009 Last Reply Date:- 9-7-2009 Service Tax<br>Got 1 Reply<br>Service Tax<br>A service provider of Tangi....
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....ble Goods Supply services gives mining machinery on rental basis.He has claimed cenvat credit of capital goods on machine.Service provider has to bear thecost of diesel/petrol used as fuel in the mach....
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....inery given on rent.He also uses oil/grease for that machine. Query:-1)Whether cenvat credit on inputs-diesel/petrol is available? 1b)whether cenvat credit on oil/grease is available as 'input' credit....
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....? 1c)Whether cenvat credit of excise duty paid on spares/machinery parts used in that machine is available as 'input' credit? 2)Will it make any difference if service provider instead of giving mining....
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.... machinery on hire,he himself provides 'mining services'(i.e. excavating and cutting limestone in a Quary & unloading same in cement factory )?In other words whether above 'input credit ' will be avai....
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....lable to him? Reply By Rama Krishana: The Reply: (1) Assuming he is paying service tax on renting of machinery - No cenvat credit is allowed on petrol or diesel. Oil and grease are allowable inputs f....
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....or the purpose of cenvat credit. (2) the situation would remain same if he is providing services under different category. The conditions of availing cenvat credit are uniform and not subject to class....
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....ification of a taxable service.<br> Discussion Forum - Knowledge Sharing ....