Cenvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2012
IS "CENVAT CONCERN TO SERVICE TAX. IF YES THEN WHAT IS IT
11 October 2012
Cenvat is very much concerned to service tax. Cenvat is nothing but the mechanism by which the amount of service tax paid on capital goods / inputs / input services used for providing outpout services can be set off against the service tax payable on the output services.
For example I rendered a service agsint which service tax of Rs 100 is payable. However for rendering tjis service I obtained a service on which I had paid Rs 20 as service tax. Here I can utilise cenvat credit of Rs 20 and deposit only an amount of Rs 80 with the Govt.
Hope this would settle the querry.
For example I rendered a service agsint which service tax of Rs 100 is payable. However for rendering tjis service I obtained a service on which I had paid Rs 20 as service tax. Here I can utilise cenvat credit of Rs 20 and deposit only an amount of Rs 80 with the Govt.
Hope this would settle the querry.
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2012
thank u very very much sir, can please focus on , when we paid telephone bill of our company , can we utilised the service tax paid on .
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