Cenvat Credit

This query is : Resolved

akhilesh (Querist)
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20 November 2009 my query is that.

I have cenvat credit as follows.

Service Tax 2000
Surcharge 40
Higher Edu. 20
Total 2060

i want to setoff cenvat credit against the recipt of st. i.e.

ST 1000
Sur 20
Hig 10
Total 1030

Can i Set off all the 1030 tax in Credit availabel of ST Rs. 2000

hope you understand
any clarification, Notification on the same please provide the same

thanks

ANIL JANGID

ANIL JANGID (Expert)
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20 November 2009 yes you can set off.

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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20 November 2009 i think cenvat credit on ST is used for only ST Liability only. cenvat credit on Surcharge & Higher Edu. cess is used in liability for Surcharge & Higher Edu. cess only.

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