TaxTMI 
TaxTMI 
CENVAT CREDIT
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....ENVAT CREDIT<br> Query (Issue) Started By: - Gopalarathnam Muralidharan Dated:- 4-4-2014 Last Reply Date:- 5-4-2014 Service Tax<br>Got 1 Reply<br>Service Tax<br>Facts of the issue: 1) Prior to 1.7.12....
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...., a client was under works contract (compounding scheme) 2) Did not avail on any cenvat credit on input services and on capital goods 3) Departmental audit and CERA audit also completed upto 31.3.12....
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.... 4) The client was executing both taxable and exempted services during that period 5) Post 1.7.12, the client follows actual labour charges and actual material under Works contract service for the c....
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....ontract entered afresh. Querry 1) Can we avail cenvat credit for the period relating to 2009-10 to 2011-12 for which Departmental audit and CERA audits were over 2) what are the possible problems t....
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....hat may arise by availing CENVAT Credit now Reply By Pradeep Khatri: The Reply: Dear Gopal, You must availed the Income Tax Benefits on the gross amount of the expenses. If you avail the CENVAT cre....
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....dit then you would have to reverse the IT benefits which would not be possible now as you must filed the IT returns etc. Regards, Team YAGAY & SUN (Indirect Tax Consultants)<br> Discussion Forum - ....
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