Service Tax return

This query is : Resolved

Akhil Agrawal (Querist)
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22 July 2010 What is the meaning of the Input credit availed & input credit utilized.

Is availed means the amount eligible for cenvat credit being credited in the books( but the payment has not been made)

& Utilized means that how much out of availed has been paid during period & hence is eligible for deduction.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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22 July 2010 Input credit availed meens duty/service tax on input items/service

input credit utilized meens duty setoff by output libility

Akhil Agrawal

Akhil Agrawal (Querist)
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22 July 2010 if i have credited a bill but has not paid. will in the s.t return the credit on same will be shown & if yes it is to be shown then will it be the utilized or the availed credit.

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