Cenvat utiliasation against Service tax Liability

This query is : Resolved

KV Ramana (Querist)
Follow

14 August 2010 Can we Utilise Cenvat against Service tax liability..
Give me Clarification and relevant notification of above subject.

Thanks

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

14 August 2010 No. Cenvat can not utilized for Service Tax Libility.

sachin alwadhi

sachin alwadhi (Expert)
Follow

14 August 2010 CENVAT CREDIT IS UTILISED ONLY IF U HAVE PAID THE SERVICE TAX.

Upgrade to CAclubindia Pro. Subscribe Now!

KV Ramana

KV Ramana (Querist)
Follow

14 August 2010 Dear sir
tell me brief details of above subject

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

14 August 2010 Service Tax libility will paid by cash/bank then you can use this cenvate credit to set off excise libility.

KV Ramana

KV Ramana (Querist)
Follow

14 August 2010 Can we Utilise Cenvat credit against Service tax liability..
Give me Clarification and relevant notification .

Somebody tells me it will be utilise,
Otherbody tells me it will not utilise,
What is Correct?

Give me answer with relevant notification...

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

14 August 2010 No. No. No. Excise cenvat credit can not utilize for Service tax libility.

KV Ramana

KV Ramana (Querist)
Follow

14 August 2010 Thanks sir..!

Upgrade to CAclubindia Pro. Subscribe Now!

tarun goel

tarun goel (Expert)
Follow

15 August 2010 dear, if you are able to read the book, then kindly go through the first five Rules of Cenvat Credit Rules, 2004, all your queries will be satisfied. you will get provisions as wel as notification nos. looking for. all the best.