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MODVAT OF SERVICES TAX

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(Querist)
02 July 2008 SIR,
PLEASE TELL ME WHAT IS THE PROCESS OF MODVAT TO SERVICES TAX

SUNIL KUMAR
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Sanjeev Kumar Varshney

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Sanjeev Kumar Varshney (Expert)
02 July 2008 Dear Sunil

The correct word is Cenvat. You can take cenvat credit of service tax paid on input services and adjust the same form Service Tax / Excise liabilities. Cenvat of ST is only available after making full paayment of Invoice.

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