Cenvat Credit
This query is : Resolved
05 December 2008
One of My Client is Contractor and providing ONLY TAXABLE SERVICESA. He has having a Cenvat Credit of Rs.250000/- now how he can utilise the same against Service Tax Payble. Please also sugeest how much credit can be utilised in a particular Quarter.
is there a cap of maximum 20 %
is there a cap of maximum 20 %
05 December 2008
Your client can utilise the entire Cenvat Credit for payment of Service tax.
05 December 2008
Please also sugeest how much credit can be utilised in a particular Quarter.
is there a cap of maximum 20 % of ST payble or He can utilised the same up to service tax payable in a particular Quarter.
is there a cap of maximum 20 % of ST payble or He can utilised the same up to service tax payable in a particular Quarter.
05 December 2008
There is no cap of maximum limit
he can utilise upto the service tax payable
he can utilise upto the service tax payable
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