Refund of cenvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2012
In service tax, refund of CENVAT is available in case of export of goods.
I want know can refund of CENVAT be claimed in other cases also.
For e.g.:- I am providing construction services and paying service tax on output services provided by me. I am also using CENVAT credit of service tax paid by me on input services and duty paid on capital goods for discharging my service tax liability.
My query is:-
If I am having balance in CENVAT receivable account at end of year can I claim refund of it? I know I can use it for discharging my service tax liability on output service, but if CENVAT will not going to be utilized at all in future than what to do?
I want know can refund of CENVAT be claimed in other cases also.
For e.g.:- I am providing construction services and paying service tax on output services provided by me. I am also using CENVAT credit of service tax paid by me on input services and duty paid on capital goods for discharging my service tax liability.
My query is:-
If I am having balance in CENVAT receivable account at end of year can I claim refund of it? I know I can use it for discharging my service tax liability on output service, but if CENVAT will not going to be utilized at all in future than what to do?
15 September 2012
in a nutshell the input credit ( excluding the input credit on capital goods) can not exceed the output tax, and input credit on capital goods can be used / utlized for shortfall of such output tax over years.
there is no way for refund of such credit.
there is no way for refund of such credit.
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2012
Thank you for your reply.
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