TaxTMI 
TaxTMI 
Cenvat credit on works contract.
X X X X Extracts X X X X
X X X X Extracts X X X X
....envat credit on works contract.<br> Query (Issue) Started By: - MAYUR BHIRUD Dated:- 22-6-2016 Last Reply Date:- 9-9-2016 Service Tax<br>Got 4 Replies<br>Service Tax<br>Dear experts, We are manufactu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rer of chemical and executes a works contract for modernization of factory buildings( like painting, plastering). We already paid service tax under reverse charge mechanism. Can we take cenvat credit ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....on service tax paid on works contract services. Please give your valuable advice. Reply By Ganeshan Kalyani: The Reply: Sir, In my view you cannot take the credit. Thanks. Reply By JSW CEMENT LIMI....
X X X X Extracts X X X X
X X X X Extracts X X X X
....TED: The Reply: Sir From your query it appears that the service falls in the caregory of repair and maintenance of factory building. In my view service tax credit can be availed. Hopefully service t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ax has been paid on 70% value of service Reply By YAGAY AND SUN: The Reply: In the definition of Input Service, the word/phrase modernization of factory is specifically included. Hence, in our view ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....painting, plastering is nothing else but repair of factory premises, CENVAT credit shall be allowed. Reply By KASTURI SETHI: The Reply: I endorse the views of M/s. JSW Cement Ltd. and M/s.Yagay and ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Sun, Sirs. Under RCM the assessee has to pay ST in cash and thereafter to take the credit.<br> Discussion Forum - Knowledge Sharing ....