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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
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Vishnu Saboo

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Vishnu Saboo (Expert)
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.
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Rupesh Jain

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Rupesh Jain (Expert)
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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