UTILIZATION OF CANVAT CREDIT (OF EXCISE DUTY)

This query is : Resolved

UJAGAR CHATURVEDI (Querist)
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24 May 2011 DEAR SIR

WE ARE MANUFACTURING COMPANY

WE RECEIVED CANVAT CREDIT (OF EXCISE DUTY)
ON INPUT MATERIAL

WE ARE ALSO LIABLE TO PAY S.T. SINCE WE
ARE ALSO PROVIDING OUTPUT SERVICE

Q:- WHETHER WE CAN UTILIZE CANVAT CREDIT
OF EXCISE DUTY)FOR PAYMENT OF S.T. ON
OUT PUT SERVICES

KINDLY ASSIST US ON THE ABOVE MENTIONED QUERY.

THANKS IN ADVANCE

THANKS & REGARDS

UJAGAR CHATURVEDI

Pragnesh

Pragnesh (Expert)
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24 May 2011 Yes You can provided that as per rule 2(k) of cenvat credit rule "all goods used in the factory by the manufacturer of the final product or all goods used for providing any output services.

UJAGAR CHATURVEDI

UJAGAR CHATURVEDI (Querist)
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24 May 2011 HHHHHHHHHHHHHHHHHHHH

IIII

THANKS

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