Cenvat credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2012 Auditor of our company raise a bill on our company name in which he charge service tax, now my question is that can we utilize such service tax payment as cenvat credit to set off excise duty.

@VaibhavJ

@VaibhavJ (Expert)
Follow

10 December 2012 Hi

Yes you can utilise the same.

Thanks//Vaibhav

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2012 At the time of making provision we don't utilize the said amount while now we want to utilize it. Can it possible

Upgrade to CAclubindia Pro. Subscribe Now!

@VaibhavJ

@VaibhavJ (Expert)
Follow

10 December 2012 Hi

On receipt of Invoice, on the basis of ST amount mentioned on the same you can avail & utilse ST.

Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.

Message likes : 3 times