Cenvat credit
This query is : Resolved
Satish shastri
(Querist)
03 December 2009
Assessee Exports the services only which is exempt and he has some input credit also.. What the cenvat provision said is, one can claim credit only against taxable output services..Can assessee claim the refund of that input credit in cash under CCR??
Plz tell is there any notification???
Plz tell is there any notification???
CA.Hanumantha Reddy
(Expert)
03 December 2009
Pls let me know what are those services being exported. Yes, you can not claim refund of input credit if you are exporting exempted services.
Satish shastri
(Querist)
03 December 2009
yes u are right, but i want to ask can i claim refund of that input credit in cash???
CA Ravi Sisodia
(Expert)
03 December 2009
yes, you can
Satish shastri
(Querist)
05 December 2009
Is there any notification regarding the same???
CA.Hanumantha Reddy
(Expert)
05 December 2009
No, you can not claim as a refund of unutilized input credit as your exports services are exempted. Hence, it is cost for you.
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