CENVAT Credit of only service element available under works contract

CC and CE and ST Vs Interarch Building Products Pvt. Ltd. (Supreme Court of India) Supreme Court held that as per Rule 2A of determination of value, service tax is payable only on the service element under works contract. Hence, CENVAT Credit of only service element is available. Facts- The respondent – assessee was engaged in the business of manufacture, supply and erection at the site of prefabricated/pre engineered steel buildings and parts. The respondent was having centralised registration with the service tax Department for services under “Commercial or Industrial Construction Servi...