TaxTMI 
TaxTMI 
Input Service - Cenvat Credit Rules, 2004
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....ducts and clearance of final products upto the place of removal, What are the included services for the purpose of Cenvat credit? -services used in relation to modernisation, renovation or repairs of a factory, premises of provider of output service or an office relating to such factory or premises, - advertisement or sales promotion, -market research, -storage up to the place of removal, - procurement of inputs, -accounting, auditing, financing, recruitment and quality control, -coaching and training, -computer networking, -credit rating, share registry, -security, -business exhibition, -legal services, -inward transportation of inputs or capital goods and -outward transportation up to the place of removal; For up....
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.... membership of a club, health and fitness centre, life insurance, health insurance and travel benefits extended to employees on vacation such as Leave or Home Travel Concession, when such services are used primarily for personal use or consumption of any employee. For update, please visit Rule 2(l) of the CCR, 2004 on www.taxtmi.com What is the meaning of output services? The scope of output services has been defined in Rule 2(p) of CCR, 2004. It does not include negative services and services on which service tax is payable under reverse charge method. What is meaning of exempted services? The meaning of exempted services has been defined in Rule 2(e) of CCR, 2004 Important points emerged ou....
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....ion and hence will be eligible for Cenvat Credit. (Birla Corporation Limited 2012 (7) TMI 820 - CESTAT NEW DELHI) Services for gardening required as per environmental laws: Service for plantation, lawns etc. as required under permission given by Pollution Control Board is necessary for compliance with statutory provisions and hence will be eligible for Cenvat Credit. (Hindustan Zinc 2013 (11) TMI 407 - CESTAT NEW DELHI) What is the wasteful expenditure as per the revised definition of input pervice? As per the revised definition of input service, following is the wasteful expenditure and do not deserve any cenvat credit(department's view). * Factory and office building * Motor vehicle is a luxury even if used to transport....
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.... or after the day on which the invoice, bill or challan is received. Credit of service tax payable by the service receiver allowed when the service tax is paid. Rule 4(7) If payment of value of input service and the service tax paid/payable not made within three months from the date of invoice/bill/challan, the manufacturer/service provider shall pay an amount equal to cenvat credit availed on such input service. However, no reversal of creditl is required in case of service tax has been under reverse charge mechanism. Further the credit has been reversed as above, assessee can take the re-credit of the same after making payment to the service provider . If any payment or part thereof, made towards an input service is refunded....