Cenvat credit st
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2012
As per Cenvat Credit Rules dtd. 20th june.12 CENVAT Credit can't be used for payment of Service Tax in respect of Services.
Please clarify the same.........It is only Excise duty credit or including ST paid on services
Please clarify the same.........It is only Excise duty credit or including ST paid on services
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2012
Notification 28/2012
05 July 2012
Cenvat credit is now common to both excise and service tax. The service tax assessee can avail both ED cenvat goods (including capital goods) and input services, whatever eligible in relation to his output service, as per the Cenvat Credit Rules,2004.
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