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input credit

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(Querist)
24 November 2008 service tax credit will be set off against service tax debit only , if yes let me few examples.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
24 November 2008 Its you can adjust with excise duty payable.
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vijayabhaskarareddy

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vijayabhaskarareddy (Querist)
24 November 2008 that mean i can recover service tax credit against beasic excise duty iner1 return , pls confirm
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Jitender

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Jitender (Expert)
24 November 2008 yes, u can adjust.
refer cenvat credit rules 2004.

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