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 %
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.
CAclubindia
