Adjustment of payment of service tax in excise credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2013
We are having excise credit of Rs. 5 L from 2003-04 on yarn purchased by us for export, now we have to pay service tax on :-

1. GTA :- As service Receiver under reverse mechanism ( 75% abetment and 25% taxable)
2. We have given our property on rent and we are charging service tax on Immovable Property.

Can I utlise above excise credit in payment of service tax of above two services ?

Pls provide related sec / notifications / case law.

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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11 July 2013
For GTA its clear by wide notification no .... GTA can be paid only by CASH & thereafter it can be used as cenvat

Utilization of Cenvat can't be used for payment of service tax for on Rent

For better understanding You can also read Input Definition under rule 2(K)of CCR 2004 for reference