Cenvat Credit
This query is : Resolved
15 January 2009
I am working in a Ltd Co., We had Input Credit of Service Tax of Rs. 50 Lakhs against which our Output Credit comes to only 20000 p.m
Now we are going for manucaturing of machines and we had registered for Excise.
My Question is can we utilised input Credit of Service Tax for the payment of Excise..
Now we are going for manucaturing of machines and we had registered for Excise.
My Question is can we utilised input Credit of Service Tax for the payment of Excise..
16 January 2009
Yes u can utilise.
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