Cenvat credit & liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014
Whether we can take benefit of cenvat credit for paying the liability ? Plz confirm

17 June 2014 you can avail credit of payable liability after paid, like u paid GTA inward, you can avail the credit, but outward GTA's credit is not admissible.
you must refer the list on which credit is admissible and on which not.

19 June 2014 yes you can adj the liability with cenvat bal.

but for adj. of RCM pls see the law & rules.




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