Cenvat Credit
This query is : Resolved
05 December 2008
One of My Client is Contractor and providing ONLY TAXABLE SERVICESA. He has having a Cenvat Credit of Rs.250000/- now how he can utilise the same against Service Tax Payble. Please also sugeest how much credit can be utilised in a particular Quarter.
is there a cap of maximum 20 %
is there a cap of maximum 20 %
05 December 2008
Your client can utilise the entire Cenvat Credit for payment of Service tax.
05 December 2008
Please also sugeest how much credit can be utilised in a particular Quarter.
is there a cap of maximum 20 % of ST payble or He can utilised the same up to service tax payable in a particular Quarter.
is there a cap of maximum 20 % of ST payble or He can utilised the same up to service tax payable in a particular Quarter.
CA. Mahesh Agarwal
(Expert)
05 December 2008
There is no cap of maximum limit
he can utilise upto the service tax payable
he can utilise upto the service tax payable
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