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

@VaibhavJ

@VaibhavJ (Expert)
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05 July 2012 Please provide notification number to clarify.

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2012 Notification 28/2012

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RENGARAJ R.K

RENGARAJ R.K (Expert)
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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.